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Friday, 18 August 2017 14:30

Expanding offshore energy opportunities will benefit American energy consumers

Expanding offshore energy opportunities will benefit American energy consumers

API urged the administration to expand the next five-year offshore oil and natural gas leasing program to include areas of the Outer Continental Shelf, including the Atlantic, Eastern Gulf of Mexico, and Arctic, with potential for new domestic energy resources, job creation, increased government revenue, and strengthened national security, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the American Petroleum Institute. 

A recent study showed that the natural gas and oil industry supported 10.3 million U.S. jobs and added $1.3 trillion to the nation’s economy in 2015.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S.

More details:  http://www.api.org/news-policy-and-issues/news/2017/08/17/api-expanding-offshore-energy-opportunities-will-benefit-american-energy-consume

Person in charge of the newsline: Fidan Isaye

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