Physical energy supply chains don’t reset overnight. API's latest American Energy Snapshot explains how tanker logistics shape recovery timelines: https://t.co/FW4Qti7fMX
Restoring normal energy flows after a disruption will likely take time. One key reason is tankers ��� the large, slow-moving vessels that move crude and fuel across global distances.
Tankers move at just 11–15 mph — about the pace of a brisk bike ride. From the Persian Gulf, shipments take under a week to India, 3–4 weeks to South Korea, and over a month to Europe or the U.S.
Global energy markets don’t reset instantly when disruptions end. One key constraint: oil tankers.
API’s @T_Mason_H explains how tanker logistics drive the pace of supply chain recovery and how multi-week and even multi-month shipping timelines can affect the delivery of oil, fuels and gas.
“If this is going to last... you have to have congressional action and it has to be done on a bipartisan basis.” — API CEO @mj_sommers on the need for comprehensive permitting reform at the @politico Energy Summit
Major energy disruptions have historically created policy shifts that make the world more resilient. This moment is no different and reinforces the need for policymakers to think big and take action to redefine our future energy security. Thank you to @politico for having me at today's Energy Summit.
Energy demand is surging — and the biggest obstacle to meeting it isn't a lack of resources, it's a permitting system that can't keep pace. API CEO @mj_sommers joined @GoliSheik at the @politico Energy Summit this morning to discuss the importance of passing comprehensive, bipartisan permitting reform in this Congress.
Energy affordability and reliability are going to be leading issues for both parties in the midterms this year. But moving past rhetoric to strengthen America’s energy future will depend on Congress passing comprehensive federal permitting reform.
“If we can get Congress to start doing the right things and set the stage for the future, I think the future is very bright for the United States and global energy security.” — API President & CEO @mj_sommers at @AtlanticCouncil's Global Energy Forum
The Tanker Timeline: 3 Reasons Why Energy Markets Don’t Reset Overnight
#1 = Big Boats Move Slow
Much of the world’s seaborne crude oil moves on supertankers known as VLCCs (Very Large Crude Carriers). These tankers carry roughly 2 million barrels of oil, but they do not move quickly — a typical cruising speed is about 10 to 13 knots (11 to 15 mph). That’s about the pace of a brisk bike ride.
Live now at the @politico Energy Summit: API CEO @mj_sommers joins @GoliSheik to discuss the latest developments in global energy markets and the policies that help support reliable, affordable energy.
Tune in: https://t.co/lCMvg6ZYaA
“We as an industry and as a country... need to focus on energy security in the Western Hemisphere as well.”
At today’s @AtlanticCouncil Global Energy Forum, API President & CEO @mj_sommers discussed the next era of energy security: stronger infrastructure, diversified supply routes and a more secure energy corridor across the Americas.
Live now! @AtlanticCouncil Global Energy Forum Day 1.
Tune in at 11am to hear API CEO @mj_sommers and @ENERGY Under Secretary Kyle Haustveit discuss how the U.S. became an energy superpower and how that impacts our global position today.
https://t.co/GEPSE0f8qi
PA’s natural gas impact fee has delivered nearly $3B to local parks, roads and emergency services.
Read why this model is a blueprint for responsible energy development in @PennLive.
“We produce more than thirteen million barrels of oil every single day.”
API President & CEO @mj_sommers joined @Phil_Mattingly on @TheLeadCNN to discuss how U.S. production acts as a buffer during global supply disruption and how further tightening in supply can impact consumers.
U.S. producers are doing everything they can to keep markets well supplied while global disruption continues to impact consumers. Longer term, strengthening energy production and partnerships across the Western Hemisphere can help improve energy security and reduce reliance on critical chokepoints.
API President & CEO @mj_sommers joined @MariaBartiromo on @MorningsMaria to discuss.
“Inventories are going down all over the world. The United States is the producer of choice right now, but it just can't last forever. We need to get the Strait open, and we need to get it open as quickly as possible.”
— API President & CEO @mj_sommers with @MariaBartiromo on @MorningsMaria