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
01/08/2016
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