America’s oil and natural gas industry is bullish on America, having delivered a direct stimulus to the U.S. economy in 2011 worth more than $545 billion in capital spending, wages and dividends, according to PricewaterhouseCoopers. That’s $1.5 billion a day in economic lift from developing oil and natural gas. And industry is ready to do more.

Investing in America’s future is the oil and natural gas industry’s main focus, API President and CEO Jack Gerard told the United States Energy Association’s State of American Energy Industry Forum.

America certainly has the reserves to make it happen. The International Energy Agency says the U.S. could overtake Saudi Arabia in oil production by 2020, and our natural gas supplies are described as generational and game-changing.  We have the te... more »