WASHINGTON, Jan. 13, 2016 (GLOBE NEWSWIRE) -- American Fuel & Petrochemical Manufacturers (AFPM) President Chet Thompson released the following statement in response to President Obama's State of the Union address:
"Last night President Obama touted the significant improvements to the economy that have occurred over the last seven years. We agree that there is a lot to be proud of, but what the president failed to mention is that much of the economic improvement can be traced directly to oil and natural gas, refining and petrochemical industries and the domestic manufacturing renaissance they spurred. On one hand, he tried to reassure the American public about economic progress, on the other he promoted anti-fossil fuel policies that attack the most efficient and affordable energy sources that will continue to be our future for generations. The policies the president advocates will require Americans struggling from paycheck-to-paycheck to unnecessarily spend more of their hard earned dollars on energy, often at the expense of other necessities.
"The innovative efforts of domestic oil and gas producers, refiners and petrochemical manufacturers resurrected our economy, brought millions of high-paying manufacturing jobs back to our country, and reshaped global commerce.
"Oil, natural gas and the products manufactured from these treasured resources have lifted hundreds of millions out of poverty and made life better for billions of people around the planet. They have increased our lifespan, enabled mass transportation and manufacturing gains, and are essential to all of life's necessities, including shelter, heat, food, healthcare and clothing. I hope that in the waning days of this administration, the president carefully considers the ramifications of depriving the world of fossil fuels and the many benefits they bring to the modern world."
CONTACT: [email protected]


BHP Shares Fall as Jansen Potash Project Costs Surge
GM and Lockheed Martin Partner to Strengthen U.S. Defense Manufacturing Capacity
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business
Obayashi to Acquire Multiplex in $526M Expansion Deal
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race
Jio IPO Filing Nears as Reliance Targets $4 Billion Market Debut
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand
Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates
US Raises Concerns Over Possible ASML EUV Machine Transfer to China
Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 



