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API Says that the Administration's Policy on Offshore Energy Development Shuns Both Consumers and National Security


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Statement from Erik Milito--API's group director for upstream and industry operations--in:
MP3 format
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QuickTime (MPEG-4/AAC) format
Windows Media Audio 9.2 format
(47 seconds)


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(MILITO):
"THE ADMINISTRATION'S POLICY IS INCONSISTENT WITH THE WILL OF CONSUMERS, GOVERNORS, AND MEMBERS OF CONGRESS--ALL OF WHOM OVERWHELMINGLY SUPPORT OFFSHORE EXPLORATION AND DEVELOPMENT, FOR OIL AND NATURAL-GAS.  WHILE AMERICA HAS BENEFITED FROM ENERGY-POLICY CHOICES MADE MORE THAN A DECADE AGO, THE ADMINISTRATION'S CURRENT, INCONSISTENT POLICIES COULD HELP TO UNRAVEL THE NATION'S ABILITY TO BE A GLOBAL ENERGY-LEADER.  IT'S ALSO LEAVING THE FUTURE OF OUR ENERGY- AND NATIONAL-SECURITY VULNERABLE.  THE ADMINISTRATION IS ABANDONING THE SAFE AND RESPONSIBLE PATH TO SECURING THE ENERGY-SUPPLIES THAT FUTURE GENERATIONS WILL NEED.  IT'S ALSO WIPING OUT AN OPPORTUNITY TO CREATE NEW JOBS--BOTH ALONG THE ATLANTIC-COAST AND NATIONWIDE--WHILE ERASING MILLIONS OF DOLLARS, IN ADDITIONAL GOVERNMENT-REVENUE.  EXPANDING OFFSHORE DEVELOPMENT IS A KEY PART OF THAT EQUATION."



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