Friday, June 10, 2011

oil drilling
An oil well in a farm field in Tioga, N.D. (AP Photo/James MacPherson, file)

( – Wanted: More domestic energy production and crude oil from Canada.
That’s the gist of a new ad campaign sponsored by the American Petroleum Institute, a group that represents more than 470 oil and natural gas companies.
Jack Gerard, president and CEO of the American Petroleum Institute, says if the U.S. develops its own oil and natural gas resources and imports more oil from Canada, the country could meet 92 percent of its liquid fuels needs by 2030, compared with 62 percent today.
“Let me repeat that once again for emphasis,” Gerard told reporters during a conference call on Wednesday. “The analysis we’re releasing today will be part of our rollout, and the (ad) campaign shows that the U.S. could meet 92 percent of our liquid fuel demand by 2030.”
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