Oil & Gas News

API: U.S. Energy Model Shows More Oil and Natural Gas Production Creates Jobs, Benefits Consumers, Reduces Emissions

16APIlogoAPI President and CEO Jack Gerard highlighted the benefits that come from increased oil and natural gas production after Democratic Presidential Nominee Hillary Clinton delivered her remarks at the party’s convention today.

“The production of energy resources holds great promise for our nation when it comes to creating jobs and benefitting consumers. It’s estimated that women and minorities will fill an exceptional number of the nearly 1.9 million jobs projected in the oil, natural gas, and petrochemical industries by 2035. And last year, American families saw higher household disposable income from increased energy production,” said Gerard. “Americans understand that pro-growth energy policies will create jobs and shrink the income inequality gap and it’s up to our nation’s leaders to follow the will of the American people.”

A recent poll found that 77 percent of voters, including 94 percent (R), 73 percent (I), and 64 percent (D), strongly support increased production of oil and natural gas resources located here in the U.S. and 69 percent of voters, including 86 percent (R), 69 percent (I), and 57 percent (D), are more likely to support candidates who want to produce more of our domestic oil and natural gas resources. The same poll found that 71 percent of voters, including 83 percent (R), 67 percent (I), and 60 percent (D), oppose legislation that could potentially raise energy costs on American consumers.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.

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