The State of American Energy
Article from February 2020
‘ Hydraulic fracturing and horizontal drilling … [ are ] as important as the invention of the iPhone.’
today is a net exporter of natural gas and oil for the first time in nearly 70 years.
America is also leading on emissions reductions. No nation on earth has reduced annual carbon emissions more than we have, and we have the capacity, desire, and grit to keep stepping up.
The American people rightly expect big things of our industry. We have to serve the vast and growing demand for affordable energy, and we have to accelerate progress on the serious challenges of climate change. Any report on the state of industry should begin with the fact that we accept that calling,
and we are meeting it.
Every day our industry is focused on lowering emissions, increasing efficiency, and furthering environmental progress. The size and scope of the climate challenge requires a tremendous response and innovation from everyone.
Bold and achievable action on climate change at the global level is essential, and America’ s natural gas and oil industry is committed to innovation and leadership to make these ambitions more than just hopes and dreams. We support legislation to encourage wider use of carbon-capture, utilization, and storage technology— a breakthrough based on American ingenuity. We’ re partnering with the best minds in technology, data analytics, and engineering. We proudly launched the Environmental Partnership two years ago to convene, share, and design new methods for reducing methane emissions. Whenever we advance new technologies to reduce or capture carbon emissions, we take a step forward with other industries looking to do the same.
But our industry’ s devoted problem solvers are not done yet. Our industry now supports 10.9 million American jobs and we’ re charging ahead. When facing serious challenges, you want the capable men and women of America’ s natural gas and oil industry on your side.
When API advocates for energy development and infrastructure, we are fighting for the long-term success of
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12 RETIREMENT / JUNE 2026 | FUEL OIL NEWS | www. fueloilnews. com