06202018Wed
Last updateTue, 19 Jun 2018 2pm

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End-User News

API: Offshore Energy Development to Bolster U.S. Economy

According to new economic studies released by the American Petroleum Institute (API), opening the U.S. Outer Continental Shelf (OCS) to offshore oil and natural gas development would be an economic catalyst – promoting U.S. jobs, investments, and increased tax revenue - for states across the country.

“The oil and natural gas industry is a major contributor to the American economy and helps meet America’s constantly increasing energy needs. We support more than 10.3 million U.S. jobs and contribute $1.3 trillion to the U.S. economy - benefits that are felt across the country,” said API director of upstream and industry operations Erik Milito. 

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