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Friday, July 15, 2011

Energy Tomorrow (American Petroleum Institute)



The American Petroleum Institute (API) is the only national trade association that represents all aspects of America's oil and natural gas industry. 


We speak for the petroleum industry to the public, Congress and the Executive Branch, state governments and the media.

The oil and natural gas industry fuels U.S. job creation, the American economy and our way of life


For consumers, API provides the API’s Engine Oil Licensing and Certification System (EOLCS). It is a voluntary licensing and certification program that authorizes engine oil marketers who meet specified requirements to use the API Engine Oil Quality Marks. These emblems go directly on each container of oil that retains the certification for and is there to help consumers identify quality engine oils for their gasoline- and diesel-powered vehicles.


 Did You Know?
  1. The oil and natural gas industry paid $95.6 billion in 2008 income taxes alone.   
  2. The oil and gas industry has invested nearly $2 trillion in U.S. capital projects in the last decade. 
  3. Increased domestic oil shale production could add as many as 100,000 American new jobs 
  4. Greater Canadian oil sands production could create more than 340,000 new U.S. jobs. 
  5. Hydraulic fracturing has been used safely in 1 million wells over the past 60 years. 
  6. Developing off-limits resources could increase U.S. crude oil production by nearly 2 million barrels per day 
  7. The Eastern Gulf of Mexico may hold 3.8 billion barrels of oil and 21 trillion cubic feet of natural gas.
  8. Expanding natural gas development in PA’s Marcellus Shale could add 280,000 U.S. jobs over the next 
  9. More than 1 million barrels of oil per day could be developed from non-park land in Alaska and western states. decade 
  10. America has enough oil and natural gas to power 65 million cars for 60 years. 
  11. America has enough oil and natural gas to heat 60 million households for 160 years.
  12. Allowing offshore drilling in the Atlantic could create 37 trillion cubic feet of natural gas.
  13. Royalty revenue from energy production provides the U.S. Treasury with more than $25 million each day.
  14.  Offshore energy development in the Atlantic could create another 3.8 billion barrels of oil.

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