API: Administration should support US consumers and energy prospects
Published by Francesca Brindle,
Editorial Assistant
World 鶹ýӳ,
Ahead of President Obama鶹ýӳs budget due next week, API Group Director of Upstream and Industry Operations, Erik Milito, urged the administration and policy makers to embrace America鶹ýӳs proven market-based approach to energy, which has made the US a global leader in oil and gas production.
Milito said, 鶹ýӳA few years ago the US was counted out as an oil and natural gas superpower, but we defied the odds to become the world鶹ýӳs largest producer of natural gas and a world leader in crude production. Our energy renaissance has been led by shale energy development, extracting oil and gas from rocks at a scale and efficiency level that was unthinkable not long ago.鶹ýӳ
鶹ýӳThe administration and policy makers can embrace the successful free market approach by basing decisions on sound science and allowing opportunities for exploration and development. This is an issue onshore and offshore. For both, the science is clear. The data and facts overwhelmingly support the conclusion that hydraulic fracturing and seismic testing have and can continue to be done safely.鶹ýӳ
Milito continued, 鶹ýӳThis week, the Senate is on the right track as it debates a comprehensive and bipartisan energy bill that seeks to advance the successes achieved in the US by ensuring that natural gas pipelines are permitted more efficiently, providing a streamlined process for LNG exports, and fostering greater diversity in the energy and manufacturing industries.鶹ýӳ
Milito concluded, 鶹ýӳSmart energy policy is imperative for the continued US global energy leadership and helping US consumers. Our model doesn鶹ýӳt stifle American investment with overregulation or a one size fits all approach to federal rulemaking. Instead, it allows for the free market and innovation to thrive. Let鶹ýӳs allow these market driven initiatives to continue reducing carbon emissions without risking our economy and American jobs.鶹ýӳ
Adapted from press release by
Read the article online at: /business-news/05022016/api-obama-administration-should-support-us-energy-prosperity-and-consumers-2382/
You might also like
The World 鶹ýӳ Podcast
A podcast series for energy professionals featuring short, insightful interviews with experts who can shed light on topics that matter to you and your business. Subscribe on your favourite podcast app to start listening today.

