In its blueprint for American-made energy – a plan based on safe and responsible oil and natural gas development – API calls for common-sense energy regulation. What a sharp contrast with the regulatory landscape fostered by the administration, which simply has not made good on promises to promote regulatory predictability and reduce uncertainty. Upstream Group Director Erik Milito and Howard Feldman, director of regulatory and scientific affairs, made the case in a conference call with reporters.
Milito listed ways administration policies, as well as regulations it is considering, have hindered energy development and job creation:
- A status quo five-year plan for offshore oil and natural gas drilling that leaves 85 percent of our offshore acreage off limits to exploration and deve... more »