Producers reinvesting earnings, associations tell senator

Oil and natural gas producers are already reinvesting much of their substantially higher earnings in exploration, production, and refining, officials of three leading trade associations told US Sen. Charles E. Grassley (R-Iowa).Their responses were to Grassley’s Nov. 1 letter to the American Petroleum Institute, the Independent Petroleum Association of America, and the Natural Gas Supply Association in which the senator said, “You have a responsibility to use these record profits to invest in more exploration, production, and refining capacity to increase the supply of petroleum products.“Beyond that, you have a responsibility to help less fortunate Americans cope with t...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected