Recently, the American Petroleum Institute (API) released its annual “State of American Energy” report examining energy policy progress and technological advances made in the past year as well as the current energy situation in multiple regions of the country.
As part of the analysis of the report, API acknowledged the positive impacts of shale gas development in the eastern region on employment creation, competitiveness, and access to resources. API also warned about the consequences of “missed opportunities” for the energy sector – in particular with regard to the recent rejection of the Keystone XL pipeline and Alaska offshore oil and gas production potential.
Additionally, the report reiterated its commitment to promote an energy policy discussion through a Vote4Energy voter education campaign that started in 2012 and emphasized on the importance of the presidential election to “cement [the country’s] position as a global energy leader.” The report, however, stressed that “the Vote4Energy campaign is not about an individual or party and hews to no ideology other than ensuring that our nation pursues energy policies that embrace America’s 21st century energy renaissance and global energy leadership.”
API concluded that “America’s newfound status as a global energy leader will continue only if we put into a place and keep in place policies that foster the oil and natural gas industry’s ability to innovate, invest and develop our nation’s enormous energy resources and preserve our world-class refineries.”
More information on API’s Vote4Energy education campaign is available at http://www.vote4energy.org/.
Written by Chloe Marie - Research Fellow