Oil Industry Joins Hands With Solar In Latest Annual Report

In the American Petroleum Institute's latest State of American Energy report the lobby group touted the fact that the United States is now the world's largest producer of natural gas, the world's leading refiner of petroleum products and could soon become the leading producer of oil. What came as a surprise was that API praised the rise of renewable energy resources, too. "The U.S. is in the midst of a new era in domestic energy abundance characterized by rising use of renewable energy and increased oil and natural gas production that is strengthening our economic outlook and enabling America to emerge as a global energy superpower," said Jack Gerard, API president and CEO, in the report's introduction. The report goes on to note the essential role solar, wind, nuclear, hydropower, geothermal and biomass will play in meeting America's future energy needs. Taking a new tack...