API Encouraged by Potential Offshore Drilling

American Petroleum Institute President and CEO Jack Gerard issued the following statement today on Wednesday's State of the Union address:

"We are encouraged by the President's words that decisions need to be made about opening new offshore areas for oil and gas development. These are important and necessary decisions for the American people and the American economy. Greater access to America's vast oil and natural gas resources would bring more domestic energy, thousands of American jobs, billions in government revenues and less reliance on imported energy.

"We support the President on jobs and are ready to do our part putting more Americans back to work. But to create these jobs, we will need policies that allow investment and development -- policies that are pro-job, pro-consumer and pro-energy. We are ready to work with the administration to help make that happen."