The United States is at an historic turning point for the country and its energy policies. But many Americans lack a full understanding of the oil and natural gas industry. API has assembled this oil and gasoline primer to encourage a constructive public policy debate that leads to a new fact-based comprehensive energy policy.
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The American people want an energy policy to develop our domestic oil and natural gas resources in an environmentally responsible way to power our nation’s economy, create jobs, and enhance our nation’s energy security, not just messaging.
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The United States and Canada enjoy the largest trading partnership across the longest peaceful border in the world. Getting more U.S. energy from a friendly North American neighbor would reduce U.S. reliance on energy resources from less stable regions, create American jobs, while enhancing domestic energy and national security.
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The oil and natural gas industry is the primary energy source for transportation and the production of other goods and services.
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This study by Wood Mackenzie examines the impacts of opening access to key U.S. regions which are currently closed to development, as well as assessing a return to historical levels of development on existing U.S. producing areas (including onshore U.S., the Gulf of Mexico and Alaska). The economic impacts of the Keystone XL pipeline and other potential Canada to U.S. oil pipelines are also considered.
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Americans have struggled over the past year, and while some think the economy is improving, the job picture remains bleak.
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America’s oil and natural gas industry is at the forefront of breakthrough technology that will help deliver the energy that Americans need today and tomorrow while also reducing the environmental impact.
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Everyone is touched by America’s oil and natural gas industry.
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The U.S. economy could suffer a severe blow if federal regulators demand duplicative oversight of hydraulic fracturing, a commonly used well-stimulation and completion technology already regulated by the states, part two of a three-part study by IHS Global Insight has found.
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Clean burning natural gas is critical to American manufacturing jobs, to farmers for fertilizer, to households for heating and cooking, to businesses for electricity and fuel for transportation needs, and to society to help address climate change concerns because of its low carbon-content.
Hydraulic fracturing helps free up more energy. Read this primer to learn more.
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API has compiled a Fact Sheet to explain the case and the implications of the decision if the court’s decision were left standing and the views of those who filed the lawsuit were to prevail.
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The oil and natural gas industry is the backbone of the American economy.
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Benefits to be gained from increased oil and natural gas development
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