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Posts tagged “American Petroleum Institute”

By Robert Rapier on Sep 18, 2007 with 17 responses

Who Owns Big Oil?

When politicians promise to “stick it to Big Oil”, just who do they think they are sticking it to? A new study commissioned by the API, and done by Robert J. Shapiro of the former Clinton administration, indicates that “Big Oil” is largely middle class. The API is hosting a conference call today to discuss the findings, which unfortunately I was unable to make. But below is the press release summarizing the findings. New study finds ownership of America’s oil and natural gas companies “broadly middle class” WASHINGTON – Who owns ‘Big Oil?’ It’s not who you think. As Congress debates national energy policy, a new study finds that ownership of oil and natural gas company shares is made up… Continue»

By Robert Rapier on Jun 29, 2007 with no responses

America’s Energy IQ

I already knew that the general population has a poor understanding of energy issues. For that matter, politicians have a poor understanding as well, which is why we find ourselves burdened with irresponsible energy policies. The API has validated my impressions with a survey that they had commissioned by HarrisInteractive. To such questions as “Who supplies the U.S. with the most imported oil?”, respondents floundered. They grossly overestimated the size of publicly traded oil companies like ExxonMobil in relation to national oil companies like Saudi Aramco. And they grossly overestimated the potential for biofuels to displace fossil fuel usage. In fairness, some of the questions were quite difficult, such as “How many years does Oil and Gas Journal think our… Continue»

By Robert Rapier on May 24, 2007 with no responses

API Conference Call on Gas Prices

On May 16th, I participated in another conference call with the American Petroleum Institute. The subject was gas prices. Since I am probably not the best person to challenge the API on gas prices, I put out an invitation at The Oil Drum for others to join the call. (The reason I am not the best person to challenge them is (1) I understand why gas prices are rising; (2) I work in the industry; and (3) I think prices should be even higher to spur conservation efforts). So, joining me on the call were 2 of my colleagues from TOD – Alan Drake and Chris Miller. I will pull out some excerpts of our questions, but you can read… Continue»

By Robert Rapier on Apr 20, 2007 with no responses

Energy and the Environment with the API

On April 18th, I participated in a conference call with the American Petroleum Institute. The topic of the call was Energy and the Environment. You can download a transcript here or the audio of the call here. Here was a list of participants, pulled from the call transcript: Jeff McIntire-Strasburg is from Treehugger and we just went through, briefly, a blog roll. We have on the call Robert Rapier from The Oil Drum and R-Squared; Hank Green of EcoGeek; Tom Fowler of NewsWatch: Energy which is Houston Chronicle; Marc Gunther, Fortune; Mark Gongloff of The Wall Street Journal Energy Roundup; and Carter Wood of I think they missed mentioning John Gartner from Wired. Having participated in one of these… Continue»

By Robert Rapier on Apr 19, 2007 with no responses

API Conference Call with Red Cavaney

Just a brief update here. I did participate in the API conference call last night. I asked the first question, the last question, and the most questions. I will report on the call in more detail when the transcript comes out, but for now several people have already written up brief essays on it: Mark Gongloff at the Wall Street Journal John Gartner at Wired Tom Fowler at the Houston Chronicle The podcast and transcript should be posted here (today or tomorrow, I am told) and then I will pull out my questions and answers and post them, as well as my impressions. I may also update this before the transcript comes out, but I need to rest my eyes… Continue»

By Robert Rapier on Apr 17, 2007 with no responses

Help Prioritize the Questions for the API

Update: I am going to stop tabulating the votes at this point. Here were the top choices, in reverse-order of the number of points each received: 33, 13, 4, 3, 11, 12, 16, 31, 1, 7, 9, 23. I will start with Question 33, and work my way through the list as time allows. I have pointed the API again to this thread, so they can get a handle on what people want to know. Here are some excerpts of the responses I got back: Interesting questions all. Because we billed this as an “energy and the environment” conference call, we would, of course, prefer that the questions be relevant to the topic, primarily out of respect to those bloggers… Continue»

By Robert Rapier on Apr 13, 2007 with no responses

Submit Your Questions for Red Cavaney

I will participate in another API conference call on energy issues on April 18th, and I would like to solicit questions from readers. The topic will be “Energy and the Environment”, but I am sure they will take any energy-related questions. The speaker will be API CEO Red Cavaney. I wrote up my impressions of the previous conference call here. You can read the transcript from the first call here along with an audio recording at the API’s Energy Tomorrow site. If you get a chance, read the transcript or listen to the audio recording. This may prompt some questions. I will try to get as many answered as possible, and then I will write up the results. Don’t miss… Continue»

By Robert Rapier on Apr 1, 2007 with no responses

API Conference Call on Energy Issues

I am generally not much for procrastination, but in this case I am guilty. It has been 3 weeks now since I participated in a conference call with API Chief Economist John Felmy. Robert Bluey, one of the participants, wrote up some comments immediately afterward at his blog. I had intended to do the same, but one thing or another has distracted me until now. I will post some of Bluey’s comments, because all of the pertinent links are there. Just a bit of background. I did not know that there would only be a few of us participating, or I would have spent more time considering my questions. For all I knew, there would be 50 people on the… Continue»