U.S. crude inventories fell by 5.27 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a build of 2.56 million barrels the previous week: @Investingcom $XLE $USO
CLIMATE CHANGE: French energy major @Total quits the largest US oil lobby organization, the American Petroleum Institute (API), because it disagrees on climate change. For now, BP and Shell remain members (as do Chevron and Exxon). #ClimateChange $TOT $OOTT
Total becomes first oil major to quit American Petroleum Institute over anti-climate lobbying, support for methane regulation rollbacks etc. This is a big deal. It will be very hard for Shell & BP to justify remaining in API now.
Barrett's dad was active in the American Petroleum Institute "serving as chairman of its Subcommittee on Exploration + Production Law...A.P.I. has played a critical role in casting doubt on climate science + opposing policies to address climate change."
“Liberals say they care about working-class people, but between 5 million and 10 million jobs would be lost without U.S. access to abundant oil, gas and coal resources, according to the American Petroleum Institute.”
Minnesota Attorney General Keith Ellison is suing Exxon Mobil, Koch Industries and the American Petroleum Institute over what he calls "a campaign of deception" about climate change.
The American Petroleum Institute based an ad on our opening titles, so we had some fun with their logo.