UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

U.S. energy sector advancing, API says

|
 
Published: April 23, 2012 at 8:52 AM

WASHINGTON, April 23 (UPI) -- The oil and natural gas sector in the United States is expanding, though more is needed for energy security and economic growth, a trade group said.

The American Petroleum Institute said 12 percent more exploratory wells were completed so far in 2012 when compared with the same period last year. Overall well completions, however, declined 9 percent during the reporting period.

Hazem Arafa, director of statistics for API, said the domestic oil and natural gas industry has shown its commitments to U.S. energy security during the first quarter of 2012.

"Additional access to our own vast energy resources and streamlined federal permitting would allow for more opportunities to produce our own energy while creating more American jobs and generating more revenue for our government," he said in a statement.

Critics of U.S. President Barack Obama's energy policies accuse his administration of blocking oil and natural gas developments. The White House says production is at historic highs, though much of that increase is due to polices enacted by the previous administration.

Topics: Barack Obama
Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
Is it possible to have a library with no books? Yup
The Skagit River Bridge, which is part of Interstate 5, has collapsed in Washington. People and...
Worst butt dial ever
Stalking a 15-year-old pupil for two straight years will get you banned from teaching for life....
Proof that Heinz sight is 20/20, investors are pouring money into condiment futures instead of bonds...
Man files lawsuit to have President Obama declared Kenyan. The man is currently serving a 17 year...