Jack Gerard, the CEO of the American Petroleum Institute, or API, spoke at a lunch for business leaders in New Orleans on Thursday, July 17. In his speech, Gerard called for policy changes on the part of the Obama administration in regard to its approach to energy policy.
Gerard called the Obama administration’s current approach to energy policy irrational and stated that the nation needs the White House to take on a more significant and proactive leadership role to help it to make necessary adjustments for the era of energy abundance and security.
Gerard feels that the country is currently standing at an energy crossroads, but that government policy will play a key role in deciding how the United States continues in the industry in the future. It is currently the world’s largest producer of both oil and natural gas, but, according to Gerard, the energy policy of the Obama administration has not done much to help fuel that growth and is not doing anything to maintain it.
For more on Jack Gerard’s speech and opinions, read the full article at http://www.nola.com/business/index.ssf/2014/07/american_petroleum_institute_h.html