Chief of American Petroleum Institute Says Oil & Gas Industry "Gets No Subsidies"
From the New York Times:
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Read the whole article here.Jack Gerard, the often-combative chief executive of the American Petroleum Institute, said Tuesday that the United States was “at the crossroads of a great turning point” in the nation’s energy history.As long as Congress and the Obama administration don’t mess it up, he warned.In a broad-gauge speech in Washington on the state of the American oil and gas industry, Mr. Gerard said that because of new petroleum finds and new drilling techniques – chiefly directional drilling and hydraulic fracturing in shale formations – the United States could become the world’s leading energy producer.
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