API focuses on cleanliness, economics of fossil fuels
Fossil fuels, consumed in free markets, are playing positive economic and environmental roles as the world economy becomes integrated, industry leader said last week. Environmental zealots threaten to force conversion from gasoline as a motor fuel in the U.S. and oppose the growing integration of the world economy. Fossil fuels, free markets, human creativity, and entrepreneurial spirit--not government intervention--are the keys to a clean environment, said API pres. Charles J. DiBona and outgoing Chairman C.J. (Pete) Silas, chairman and chief executive officer of Phillips Petroleum Co. DiBona said proponents of the BTU tax defeated earlier this year used erroneous assumptions to make a case against oil use in an effort to replace the efficiency of the marketplace with the inefficiency of bureaucracy. The government's role is to set tough standards and avoid dictating the way environmental standards are met, they said. Other speakers warned that voluntary measures put forward by the Clinton administration of address global climate change issues likely will fall short.
- OSTI ID:
- 5847133
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 91:46; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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POLICY AND ECONOMY
02 PETROLEUM
PETROLEUM INDUSTRY
ECONOMICS
ENVIRONMENTAL POLICY
CLIMATIC CHANGE
GASOLINE
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TAXES
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GOVERNMENT POLICIES
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LIQUID FUELS
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294002* - Energy Planning & Policy- Petroleum
020900 - Petroleum- Environmental Aspects
020700 - Petroleum- Economics
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