Energy To Keep America MovingÖ
At the center of America's oil and natural gas industry are the hundreds of thousands of hard-working men and women who work to safely refine, transport and market the petroleum products that keep America moving.Read More
About Those Tax Breaks for Big Oil ...
President Obama has been telling America for months that special tax breaks for the oil and gas industry must come to an end. The presidential demand always prompts puzzled gazes among tax and energy-industry experts, who ask: What special tax breaks?Read More
Gas Prices Up 9 Cents a Gallon
A new rule introduced by the U.S. Environmental Protection Agency could raise gas prices at the pump by anywhere from a penny to 9 cents a gallon while cutting back on automobile emissions.Read More
State Gasoline Tax Reports
Motor fuel tax information for all 50 states detailing changes and calculating a nationwide average. The nationwide average tax on gasoline is 48.8 cpg, down .5 cpg from the October 2012 study. The federal tax on gasoline is 18.4 cpg. The average state excise tax is 21.0.Read More
Why I Donít Ride a Unicorn to Work
It isnít because itís too far to work. Nor is it because of the rain & I might get wet. It isnít because the powerful automobile lobby has convinced me that driving a car to work is a better option for me. No, itís a bit more fundamental than that. I donít ride a unicorn to work because...Read More
A Strong Domestic Refining Industry
More than 50 companies own and operate 148 refineries in the U.S. but excessive U.S. regulation could threaten the ability of some refineries to continue operating domestically, and could result in substantial losses in employment and tax revenue.Read More
Oil & Gas Impact on US Economy
Total labor employment income was $580 billion in 2011, or 6.1 percent of total US labor income. Total value added generated by the industry was $1.1 trillion, or 7.3 percent of US gross domestic product.Read More
EPA Regulatory Overreach
EPA’s Endangerment Finding
The U.S. Environmental Protection Agency (EPA) recently issued a finding declaring that greenhouse gases (GHG) endanger public health. Having issued such a finding, the EPA is now prepared to undertake regulation of GHGs under the U.S. Clean Air Act (CAA).
The consequences of this finding and the EPA regulatory actions that could follow are far-reaching and, if put in place, will have a severe negative impact on jobs, the cost of energy and the cost of thousands of consumer products and services, all of which will adversely affect an already fragile U.S. economic recovery. Importantly, these regulations will have little or no impact on global GHG emissions as long as developing nations, principally China and India, do not enact similar measures – a step they have made clear they do not intend to take.
The following provides more specific information on this important issue:
Oil & Natural gas: Supporting the Economy While Paying Our FAIR SHARE
API, April 23, 2013
The oil and natural gas industry supports America like no other industry.Read More