The nation’s largest oil and gas trade association is still bullish about the industry even with a dramatic slide in oil prices.
Our Inside Energy Reporter Dan Boyce with more.
In his annual State of American Energy Address, American Petroleum Institute President Jack Girard focused on low oil prices as good for consumers, while minimizing negative side effects on his industry.
GIRARD: “Longer term, you see the demand for our product continue to grow.”
worldwide, that is. He says that demand could be met by dropping what he calls an outdated ban on oil exports and by approval of the controversial Keystone XL pipeline.
Gerard faults President Obama for promising to veto any legislation approving the pipeline, saying the tens of thousands of jobs it would create should be considered in the national interest.
For Inside Energy, I’m Dan Boyce.