1/26/2011

The American Petroleum Institute criticized President Barack Obama's State of the Union address, in which he urged ending tax incentives for the oil and natural gas industry. "It's unfortunate that the administration seems poised to stifle what remains one of America's strongest job-creating industries," said Jack Gerard, president and CEO of API. The speech was also a "missed opportunity" for Obama to urge the expansion of drilling, Gerard added.

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