American Petroleum Institute Pres. Jack N. Gerard disputed US Rep. Edward J. Markey's (D-Mass.) allegations that API's job growth estimates from more oil and gas activity are overblown. "It's clear from us when we look at this letter that some folks don't understand our industry's job creation potential, or it's a clever disguise to limit oil and gas production," Gerard said during a Nov. 30 teleconference.
"You don't need to look at the economics and the multiplier effects to know that we are creating thousands of jobs. It's obvious in North Dakota and Pennsylvania," he continued.
As for Markey's claims in a Nov. 21 letter to Gerard that the US Bureau of Labor Statist...