U.S. will remain the world superpower for energy, says API's Mike Sommers

Summary

Mike Sommers, president and CEO of the American Petroleum Institute, discusses the API conference and argues the U.S. is entering a demand decade where energy demand grows across all sources. He credits the administration with lowering regulatory costs, reviving pipelines and LNG flows, and says permitting reform is needed to keep the U.S. an energy superpower. He also discusses Venezuela and Iran as conditional oil and gas opportunities and notes market concerns about Middle East supply disruptions.

• Mike Sommers says energy demand will keep growing over the next decade.
• API CEO credits regulatory relief for pipeline and LNG permitting.
• U.S. oil production is at 13 million barrels per day and natural gas output is record.
• Sommers calls for permitting reform in 2026.
• Venezuela and Iran are described as conditional oil and gas opportunities.
• Middle East intervention risk could threaten key oil regions.
• Sommers says oil and natural gas remain the core of global supply.