API lays out roadmap for energy leadership

Published on June 19, 2024 by Dave Kovaleski

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The American Petroleum Institute (API) released a new policy roadmap that it says will secure America’s energy leadership.

The roadmap includes five actions policymakers can take to secure American energy leadership, protect consumers, and help reduce inflation. They include:

• Protect consumer choice.

• Restore the role of American energy in bolstering our geopolitical strength.

• Leverage our abundant natural resources.

• Fix our broken permitting system.

• Advance sensible tax policy.

“At a time of persistent inflation and geopolitical instability, the American people need more affordable energy and less political gamesmanship,” API President and CEO Mike Sommers said. “Reliable, affordable energy policy will support American families and businesses in the fight against inflation. Yet misguided policies and heavy-handed regulations, particularly over the past four years, threaten to undermine our existing energy advantage, potentially increasing costs and jeopardizing a key pillar of American leadership.”

API represents the natural gas and oil industry. Its approximately 600 members produce, process and distribute the majority of the nation’s energy.

“As the world’s largest producer of oil and natural gas, we bring stability in a time of chaos, making our industry the envy of the world,” Sommers said. “This critical framework highlights our commitment to maintaining America’s energy advantage for decades to come.”

A more detailed description of the five points can be found on the API website.