The American Petroleum Research Institute (API) is the largest US trade association for the oil and natural gas industry. For many years, APIs have served as advising Florida lawmakers on related topics dealing with American energy domination and energy production.
Gifford Briggs, Gulf Coast Regional Director at the American Petroleum Institute (API), targeting Florida, says his group has come up with several ideas plans to promote energy solvency and lower billing for Florida consumers.
Protects consumer choices.
When it comes to energy, consumers need to have more options. “I agree with the need to reduce transportation emissions, but mandate won’t work. The government should not tell Americans which car to drive,” the group said.
The API points out that FL farmers, ranchers and small business owners, such as FLs, should not bear the extreme costs associated with the forced transition to electric vehicles (EVs).
Briggs says API’s work with Congress will help reduce energy costs for Floridians.
We will hold a corporate tax rate of 21% to ensure global competitiveness. Maintain and extend tax provisions for domestic infrastructure investments. These provisions will benefit multiple industries and promote investment and job creation. The immediate deduction on intangible drilling costs (IDC) must be retained and support neutral tax credits that revive 100% bonus depreciation and spur technology and innovation.
The API says tax policy needs to be predictable. This way, energy companies can invest, research and exploration.
Other topics in API deregulation include the elimination of the Environmental Protection Agency (EPA) tailpipe rules, as well as the abolition of the National Highway Traffic Safety Administration’s corporate average fuel economy (CAFE) standard.
“The US oil and natural gas industry supports approximately 11 million jobs and is responsible for billions of dollars of domestic investment in 2025. However, if capital is welcome, US tax policy must be competitive with other countries,” says Briggs.
