With More than 625 Corporate Members
The American Petroleum Institute traces its beginning to World War I, when Congress and the domestic oil and natural gasoline trade worked together to help the warfare effort.
On the time, the business included the businesses created in 1911 after the courtroom-imposed dissolution of Standard Oil and the “independents.” These had been corporations that had been “unbiased” of Standard Oil. They had no expertise working collectively, but they agreed to work with the government to ensure that vital petroleum provides were rapidly and efficiently deployed to the armed forces.
The National Petroleum Battle Service Committee, which oversaw this effort, was initially formed underneath Petroleum Refinery manufacture the U.S. Chamber of Commerce and subsequently as a quasi-governmental physique.
After the conflict, momentum started to construct to kind a nationwide affiliation that could represent the complete trade within the postwar years. The industry’s efforts to provide gas during World Conflict I not solely highlighted canola oil processing equipment the significance of the industry to the country but also its obligation to the public, as the original charter exhibits.
The American Petroleum Institute was established on March 20, 1919:
– to afford a means of cooperation with the federal government in all issues of nationwide concern
– to foster international and home trade in American petroleum products
– to advertise in general the pursuits of the petroleum industry in all its branches
– to advertise the mutual enchancment of its members and the study of the arts and sciences related with the oil and pure gasoline business.
API places of work were established in New York Metropolis, and the group centered its efforts in several specific areas.
We communicate for the oil and natural fuel trade to the public, Congress and the Government Department, state governments and the media. We negotiate with regulatory companies, characterize the business in legal proceedings, participate in coalitions and work in partnership with different associations to realize our members’ public policy targets.
The primary effort was to develop an authoritative program of amassing business statistics. As early as 1920, API began to challenge weekly statistics, beginning first with crude oil production. The report, which was shared with each the federal government and the press, was later expanded to incorporate crude oil and product stocks, refinery runs and other knowledge.
API statistics remain one of the vital credible sources of industry data and they are used worldwide.
The second effort was the standardization of oil discipline gear. Throughout World Battle I, drilling delays resulted from shortages of tools at the drill site, and the trade attempted to overcome that problem by pooling gear. The program reportedly failed as a result of there was no uniformity of pipe sizes, threads and coupling. Thus, the new association took up the problem of creating business-wide standards and the primary standards have been printed in 1924.
Right now, API maintains practically seven-hundred requirements and really helpful practices masking all segments of the oil and gasoline trade to advertise the usage of protected, interchangeable gear and proven and sound engineering practices.
The third major space of exercise was taxation. Initially the efforts included working with the Treasury canola oil processing equipment Department and congressional committees to develop an orderly, logical and simply administered technique to tax oil belongings. Within the thirties, these efforts extended to working state governments. Each the federal and state governments tax highways fuels to fund the constructing of roads, and the business supported harder legal guidelines towards tax evasion.
This led to the formation of the API state petroleum council community. API now has workplaces in 21 state capitals and represents members in 33 states, all east of the Rocky Mountains.
As we speak
In late 1969, API made the decision to maneuver its places of work to Washington, DC where we remain at the moment. With greater than 625 company members, we are one of the country’s largest national trade associations, and the only one which represents all points of America’s oil and natural gas trade.
[This quick history of API relies on The Story of the American Petroleum Institute, by Leonard M. Fanning, published in 1959, and The American Petroleum Institute: An Informal Historical past (1919 – 1987) by Stephen P.