Wednesday, January 9, 2013

Chief of American Petroleum Institute Says Oil & Gas Industry "Gets No Subsidies"

From the New York Times:
Jack Gerard, the often-combative chief executive of the American Petroleum Institute, said Tuesday that the United States was “at the crossroads of a great turning point” in the nation’s energy history.
Jack Gerard, chief executive of the American Petroleum Institute.United States Energy AssociationJack Gerard, chief executive of the American Petroleum Institute.
As long as Congress and the Obama administration don’t mess it up, he warned.
In a broad-gauge speech in Washington on the state of the American oil and gas industry, Mr. Gerard said that because of new petroleum finds and new drilling techniques – chiefly directional drilling and hydraulic fracturing in shale formations – the United States could become the world’s leading energy producer.
Read the whole article here. 

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