API Urges Biden to Restore US Energy Leadership with New Policy Plan

In a letter to Biden, API President and CEO Mike Sommers urged the administration to act immediately to implement the 10 energy policies proposed by the trade group.

Hart Energy Staff
API Urges Biden to Restore US Energy Leadership with New Policy Plan

Biden recently slammed oil companies, saying they are intentionally holding off drilling more to pump up oil and share prices. (Source: Hart Energy, Shutterstock.com, image of Biden by Ron Adar / Shutterstock.com)

The American Petroleum Institute (API) called on policymakers to confront the global mismatch between energy demand and available supply that has driven sent fuel prices soaring with the release of a 10-point policy plan.

“It’s time to lead,” API President and CEO Mike Sommers said in a release by the trade group on June 14 unveiling its “10 in 2022 plan.”

According to the release, Sommers highlighted the economic importance of American oil and natural gas resources in a letter to President Joe Biden. He also urged the administration to act immediately to implement the 10 policies proposed by API that support energy investment, create new access and keep government policies from unnecessarily restricting energy growth.

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