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]


Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast
Alibaba Stock Jumps as China Approves Apple Intelligence Powered by Qwen AI
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 



