Advertisement
YOU ARE HERE: LAT HomeCollectionsAmerican Petroleum Institute
IN THE NEWS

American Petroleum Institute

FEATURED ARTICLES
BUSINESS
November 16, 1988 | From Reuters
The American Petroleum Institute is trying to persuade President-elect George Bush to curb a growing U.S. dependence on foreign oil yet avoid additional energy taxes, the president of the trade group said Tuesday. API President Charles DiBona said Americans have become indifferent about future energy supply because of the current worldwide glut and low prices. "The real question is, 'Can we hold our dependency down?' The government can take steps to make things better or worse," he said.
ARTICLES BY DATE
AUTOS
March 29, 2013 | Ronald D. White
Depends on whom you ask. The Environmental Protection Agency on Friday proposed what it called "sensible standards for cars and gasoline that will significantly reduce harmful pollution, prevent thousands of premature deaths and illnesses" while "enabling efficiency improvements in the cars and trucks we drive. " For example, the EPA would reduce gasoline sulfur levels by more than 60%, down to 10 parts per million (ppm), in 2017. The EPA proposal would bring the rest of the nation in line with standards already in effect in California, the agency said.
Advertisement
BUSINESS
February 16, 1995 | Times Staff and Wire Reports
Torrance-based Nissan North America Inc., the U.S. arm of Japan's Nissan Motor Corp., said it will build a $30-million engine plant in Decherd, Tenn. . . . The American Petroleum Institute reports that unseasonably mild weather last month held down heating oil use, contributing to a 2.3% drop in overall U.S. oil demand in January.
OPINION
October 12, 2012 | By Jamie Court
How can a power outage at a refinery spark $5-a-gallon gasoline at some L.A. stations? Why would the fact that California had to switch to the winter-blend fuel at the end of October - a fact known all year - raise gasoline prices to record levels? This price surge is not a freak phenomenon or the result of a convergence of refinery problems, as the oil industry has argued. It's happened before (only the $5 level is new) and will happen again and again because California oil companies can make more money by making less gasoline.
BUSINESS
November 13, 1998 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Atlantic Richfield Co. Chairman and Chief Executive Mike R. Bowlin was elected chairman of the American Petroleum Institute, replacing Amoco CEO Fuller, whose company is merging with British Petroleum. "Unless we want to change the name of this organization to the Anglo-American Petroleum Institute--which I doubt--I feel obliged to give up the chair," said Fuller, who will become co-chairman of BP Amoco after the merger, which is expected to be complete by year's end.
BUSINESS
November 11, 1993 | From Times Staff and Wire Reports
Derr Will Head American Petroleum Institute: Kenneth T. Derr, chairman of Chevron Corp., was named to the position at the industry trade association's annual convention in Chicago. He succeeds Phillips Petroleum Co. Chairman C.J. Silas. In a speech to the group, Derr noted that the oil industry is again being welcomed abroad by countries that nationalized their petroleum industries in the 1970s.
BUSINESS
November 10, 1998
Los Angeles-based Atlantic Richfield Corp. Chairman and Chief Executive Michael Bowlin was elected chairman of the American Petroleum Institute, the powerful industry trade group. Bowlin will replace Laurance Fuller, Amoco Corp.'s chairman and CEO, as the head of Washington-based API on Jan. 1. Bowlin has been Arco's chief executive since 1994, and chairman since 1995. He was elected to the API board in 1993 and served as chairman of the budget advisory committee this year.
BUSINESS
December 22, 2011 | Bloomberg
U.S. fuel demand in November dropped, pulled lower by a decline in gasoline consumption, the American Petroleum Institute said. Total deliveries of petroleum products, a measure of demand, declined 1.1% to 18.8 million barrels a day last month from a year earlier, the industry-funded group said today in a report. Year-to-date consumption has averaged 19 million barrels a day, down 0.7% from the same period in 2010. Gasoline demand dropped 1.8% to 8.65 million barrels a day last month compared with the same month in 2010.
NATIONAL
May 14, 2010 | By Richard Simon and Margot Roosevelt, Los Angeles Times
In an opening skirmish over how much money companies should be forced to pay for oil spill damage, Democratic legislators Thursday failed to speed through legislation to raise liability caps from $75 million to $10 billion. Their effort was thwarted by Sen. Lisa Murkowski (R-Alaska), a key oil industry ally who said that the bill would end up empowering only the "biggest of the big oil" companies to drill for American's offshore resources. "This has been named 'The Big Oil Bailout Prevention Liability Act,' " said Murkowski, who objected to taking up the measure immediately.
BUSINESS
December 15, 2009 | By Ronald D. White
Exxon Mobil Corp.'s purchase of a Texas natural gas producer for $29 billion could reshape the U.S. energy landscape, setting the stage for the fuel to challenge coal in the nation's electrical grid and helping to alleviate American dependence on foreign oil. The wager by the nation's largest oil company positions Exxon Mobil to thrive in a world where petroleum, its key product, is getting tougher to come by. The deal is a "game-changer" that...
BUSINESS
July 19, 2008 | From Times Wire Services
U.S. fuel consumption fell 3% in the first half of 2008, the biggest decline for the period in 17 years, as high prices and a slowing economy curbed demand, an oil industry report showed. Deliveries of petroleum products declined to an average 20.08 million barrels a day through June, the American Petroleum Institute said. Gasoline deliveries fell 1.7%, the first "significant" decline in 17 years. Fuel demand fell as prices for crude oil, gasoline and heating oil futures reached records.
NATIONAL
November 17, 2007 | From the Washington Post
The American Petroleum Institute on Friday rescinded its offer to give $5 million to the Smithsonian for a major exhibit hall and website on the world's oceans, ending a controversy destined for the institution's Board of Regents meeting on Monday. The decision is a setback for Cristian Samper, the acting secretary of the Smithsonian who has said the ocean exhibition is "very close to my heart."
BUSINESS
November 13, 1998 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Atlantic Richfield Co. Chairman and Chief Executive Mike R. Bowlin was elected chairman of the American Petroleum Institute, replacing Amoco CEO Fuller, whose company is merging with British Petroleum. "Unless we want to change the name of this organization to the Anglo-American Petroleum Institute--which I doubt--I feel obliged to give up the chair," said Fuller, who will become co-chairman of BP Amoco after the merger, which is expected to be complete by year's end.
BUSINESS
November 10, 1998
Los Angeles-based Atlantic Richfield Corp. Chairman and Chief Executive Michael Bowlin was elected chairman of the American Petroleum Institute, the powerful industry trade group. Bowlin will replace Laurance Fuller, Amoco Corp.'s chairman and CEO, as the head of Washington-based API on Jan. 1. Bowlin has been Arco's chief executive since 1994, and chairman since 1995. He was elected to the API board in 1993 and served as chairman of the budget advisory committee this year.
BUSINESS
February 16, 1995 | Times Staff and Wire Reports
Torrance-based Nissan North America Inc., the U.S. arm of Japan's Nissan Motor Corp., said it will build a $30-million engine plant in Decherd, Tenn. . . . The American Petroleum Institute reports that unseasonably mild weather last month held down heating oil use, contributing to a 2.3% drop in overall U.S. oil demand in January.
Los Angeles Times Articles
|