API chief economist John Felmy spoke before a meeting at the Houston branch of the Federal Reserve Bank of Dallas. He called for a federal energy policy that includes less regulation and greater access to federal lands.
Felmy acknowledged none of this was particularly controversial for an audience of Houston business leaders. But he said it was important to enlist their help.
“Living in Washington, I find that very often, bad ideas happen. We need to talk with folks about the reality of energy policy. Because while Houston folks are knowledgeable about energy, they may not be knowledgeable about the policy discussions that are going on.”
Felmy also called for the Obama Administration to approve a permit for construction of the Keystone XL pipeline, which would link the Alberta oil sands to the Texas Gulf Coast. Crude from Alberta’s oil sands is at the center of a fresh controversy, thanks to an ExxonMobil pipeline break last week near Little Rock, Arkansas.