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Tuesday, July 22, 2008

A very brief look at the other side of the coin: the American Petroleum Institute

Easy to read and follow, I picked up Linda McQuaig's 'It's the Crude, Dude: War, Big Oil and the Fight for the Planet,' while vacationing in Canada last year.

The title is what grabbed me, followed by the subject matter. The actual content has been nothing short of provocative, revealing and attention grabbing (especially the bit about Chavez 'saving' OPEC, and how Rockefeller and Standard Oil came about).

In one of her chapters, McQuaig mentions, in less-than-cozy terms, the American Petroleum Institute. The API, according to their website, is:

"...the only national trade association that represents all aspects of America’s oil and natural gas industry. Our 400 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry. They are producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry."

I'm mentioning them because some of their documents which, for whatever reasons or interests they are trying to serve, are interesting and worth reading, especially:

Understanding Today's Crude Oil and Product Markets (Oil Primer)

The Facts About Oil Industry Mergers, Market Power and Fuel Prices: An API Primer

The Truth About Oil and Gasoline: An API Primer

Labels: American Petroleum Institute, economics, news, oil, politics, U.S., World

11:13 AM

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