API: Energy bill strengthens government support for American energy renaissance

WASHINGTON, April 21, 2016 /PRNewswire-USNewswire/ -- API Executive Vice President Louis Finkel reinforced the importance for modernized, bipartisan energy legislation that can grow America's energy leadership on a conference call with reporters.

"The United States is now an energy superpower, leading the world in oil and natural gas production," Finkel said. "For the first time since the American energy revolution took hold, the House and Senate have passed bipartisan, comprehensive energy legislation."

"Now is the time to build our energy infrastructure, expand exports and lock in the economic and geopolitical opportunities that our energy revolution has created.

"Exporting natural gas will create American jobs, grow our economy, strengthen the global energy market and bolster strategic alliances abroad – providing greater choice and helping U.S. allies break dependence on nations that use their energy resources as a political weapon.

"A concerted effort to improve U.S. energy infrastructure is essential in order to realize our true energy potential and provide consumers and businesses with the energy they need. 

"We're calling on Congress and the administration to build on the promise of this bipartisan legislation and seize the opportunity to put the interests of consumers first by putting aside politics over policy."

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.

SOURCE American Petroleum Institute

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