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API CEO Predicts Higher Oil Prices Will Drive Production Investments

Mike Sommers, President and CEO of the American Petroleum Institute, stated that increased energy prices are expected to stimulate investments in future oil production, also advocating for more refinery construction and permitting reform in the US.

4 Aug, 17:52 — 4 Aug, 17:52
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bloombergHigh8d ago

API CEO Says Higher Oil Prices Will Spur Production Investments

American Petroleum Institute President and CEO Mike Sommers says higher energy prices now mean investments in future production. Speaking on "Balance of Power," Sommers also says the US should be building more refineries and permitting reform should be a priority for lawmakers. (Source: Bloomberg)

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