Tag: american petroleum institute

Frank Macchiarola and Anne Bradbury: Mr. President, Please Don’t Make This Energy Crisis Worse

Speaking at an economic forum in June, President Joe Biden said Russia’s brutal and unprovoked attack on Ukraine had sparked a global crisis that has refocused attention on the need for energy stability and...

Gary Clyde Hufbauer: NOPEC Legislation Isn’t the Answer to Lowering Gasoline Prices

With gas prices hitting new records nationwide, policymakers scramble for solutions. In recent weeks the U.S. Senate Judiciary Committee approved the “No Oil Producing and Exporting Cartels Act” or “NOPEC” legislation that would grant...

Federal Judge Strikes Down Oil, Gas Leasing in the Gulf of Mexico

Last week, U.S. District Court Judge Rudolph Contreras struck down the federal decision to lease 80 million acres in the Gulf of Mexico for energy exploration and drilling. Contreras pointed to a climate analysis from...
offshore drilling

Expanded Offshore Energy Production Would Lead to Billions in Revenue for Florida, Study Finds

The Florida Petroleum Council released a study towards the end of last week showing the Sunshine State’s economy would see an additional $2.5 billion in revenue over 20 years through offshore leasing in the Atlantic Outer Continental Shelf (OCS) and the eastern part of the Gulf of Mexico. 
Oil Rig Drilling Platform in mediterranean sea

Energy Exploration Resurfaces as an Issue in Florida

For Florida, offshore development in the federal waters could create more than 56,000 jobs by 2035 and could result in more than $2.6 billion annually in state revenues.