Carlton Carroll 202.682.8114 | carrollc@api.org  

WASHINGTON, March 29, 2011 – Con Lass, API senior director of federal relations, welcomed legislation introduced today by Chairman Doc Hastings (R-WA) of the House Natural Resources Committee that would increase access to our own domestic energy supplies:

“The oil and natural gas industry stands ready – and waiting – to do more to help grow the economy, create American jobs, and provide the energy this country needs.

“The energy markets are constantly looking for signals to guide today’s investment strategies for producing tomorrow’s energy. Regrettably, the signals this administration has been sending encourage less investment in future domestic energy production.

“Our economy will still need oil and natural gas for decades to come. America must pursue policies that encourage responsible development of our resources instead of relying on imported energy from unstable parts of the world.”

API represents more than 470 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports more than 9.2 million U.S. jobs and 7.5 percent of the U.S. economy, and, since 2000, has invested nearly $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives