API Statement On Presidential Election Results

On Nov. 7, American Petroleum Institute (API) president and CEO Mike Sommers issued the following statement on the results of the 2020 election.

“We congratulate and look forward to working with President-elect Biden, Vice President-elect Harris, and the next Congress to support America’s economic recovery, which will be built on affordable and reliable American energy. In key battleground states and races across the country, Americans voted for U.S. energy leadership and the millions of jobs and economic benefits it provides.

“The fact that both candidates for president made energy policy a focus of their campaigns underscores the impact that energy has on the life of every person in America. During this unprecedented year of public health and economic crises, we need policies that keep household energy costs low and protect and grow the more than 10 million skilled U.S. jobs supported by our industry. With smart policymaking and private-sector innovation, together we can build a better, cleaner future while expanding access to energy produced in the United States.

“Our country has made dramatic progress over the past decade, leading the world in both emissions reductions and in the safe and responsible development of American energy. America’s natural gas and oil companies haven’t waited for governments to act on climate—we have driven progress through technology, innovation, and constant reinvention, and we’ll support bipartisan policies that build on that progress. We stand ready to work with members of both parties to forge those bipartisan solutions.”

API represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. The industry supports more than 10 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans.

SOURCE: The Weekly Propane Newsletter, November 12, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.