VIDEO from American Petroleum Institute Available on API Discusses Dept. of the Interior's Ban on Offshore Drilling

Dec 06, 2010, 17:00 ET from

NEW YORK, Dec. 6, 2010 /PRNewswire/ -- See video from American Petroleum Institute at:

API President Jack Gerard held a conference call with reporters this morning to discuss the drastic implications of the administration's offshore drilling ban. Gerard stated that the Department of the Interior's decision is effectively shutting the door for future offshore activity for at least a decade, and is thus taking the country in the wrong direction economically. Additionally, Gerard stated that the ongoing inconsistencies in the administration's policies and claims have more to do with politics than they do with safety, and the side effect will be more dependence on foreign oil in the future. Available multimedia includes audio bites from API's Jack Gerard, as well as b-roll footage of offshore oil rigs and transportation.

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Story Id: 20855