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� API ’ S SOMMERS DELIVERS ANNUAL STATE OF AMERICAN ENERGY ADDRESS
American Petroleum Institute President and CEO Mike Sommers addressed more than 400 government , labor and industry leaders on the United States ’ economic leadership at API ’ s ninth annual State of American Energy address .
Sommers highlighted record U . S . energy production and U . S . CO2 emissions reductions to their lowest level in a generation while calling on policymakers to enact policies that embrace technological innovation and open markets , implement effective trade policy , and
expand U . S . energy infrastructure . Mike Sommers
“ Every generation has its own defining challenges , and its own defining accomplishments . We call this one ‘ America ’ s Generation Energy ’ because of a remarkable dual achievement : meeting record world energy demand while driving record CO2 emissions reductions . Thanks to America ’ s Generation Energy and its cutting-edge innovations , the U . S . energy outlook is stronger than ever ,” Sommers said in his Jan . 8 address .
“ Net oil imports this year are set to fall to their lowest levels since 1958 . On some days , we actually export more oil than some OPEC nations produce . That ’ s a monumental shift in the global balance of energy power , and it ’ s paying off in communities across the nation — cutting family budgets and bringing manufacturing jobs back .”
Mark Green of API offered excerpts from Sommers ’ speech in his blog :
America , Energy Superpower : “ We are a world away from an era when our entire economy seemed to depend on the changing moods and interests of an oil cartel . … [ I ] n global energy markets , we ’ re playing with a very different hand , to the advantage of this country and many others . … They prefer America as the foremost energy power , because they know how that power gets used in other hands .”
U . S . Energy Leadership : “ The world is going to rely on traditional fuels far into the future . Here in more developed nations , it can be easy to overlook that nearly a billion people elsewhere still have to get by without consistent , or any , electricity . In those societies , more access to energy is what ’ s going to make everything else possible – in public health , safety , jobs , mobility , and advancement of just about every kind . … As the world ’ s leading natural gas and
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12 FEBRUARY 2019 | FUEL OIL NEWS | www . fueloilnews . com