Document ExDRDkogxbEXxjEZeRxoonQeN

To: leila_getto@ios.doi.gov[leila_getto@ios.doi.gov] From: Mike Sommers, API Sent: 2018-08-01T09:27:12-04:00 Importance: Normal Subject: [EXTERNAL] Stop Tariffs, Protect U.S. Energy Benefits Received: 2018-08-01T09:27:19-04:00 Click to view this email in a browser August 1, 2018 Dear Leila, It's hard to create shovel-ready jobs if you can't get shovels. That's the message America's natural gas and oil industry is sharing about tariffs and quotas on imported steel. Critical U.S. energy projects rely on specialty steel components that are just not produced in the U.S. Applying tariffs and quotas to these essential materials supplied by U.S. allies directly threatens the American energy renaissance and the high-paying jobs and affordable energy it provides for U.S. families. The Cactus II pipeline is just one example. Plains All American Pipeline LP - a company that employs 3,400 workers across the U.S. - made plans to build the $1.1 billion Cactus II to transport crude oil from the prolific Permian Basin in Texas. Although 80 percent of the project cost is comprised of U.S. material and labor, including 2,600 construction jobs, construction also requires line pipe made to specifications not available in the U.S. -- pipe Plains ordered from an overseas supplier months before the tariffs were announced. Denied a product exclusion for the specialty components, the pipeline company must now pay a retroactive tax on the project. It's not just pipelines. Like so many other essential industries, America's natural gas and oil industry relies on specialty steel in every aspect of our operations. These import restrictions have created uncertainty for future projects that would create American jobs and benefit American energy consumers. It's uncertain when and if U.S. steel plants can make the costly, time-consuming changes necessary to begin producing these specialized products. One thing is certain: By acting now to stop tariffs and quotas, Congress and the White House can protect the American energy renaissance and the jobs and energy security it contributes to U.S. economic success. Sincerely, Mike Sommers President & CEO API Tariffs and Food Prices In a modem economy of supply and demand, where just about everything is connected to one thing or another, tariffs can have broad impact on energy and other consumer items, including food. Leam more about new analysis showing that food prices are rising and are likely to climb even more because of the punch-counterpunch of a trade war. Follow our Blog to stay up-to-date To stay up-to-date on the latest energy-related news, there is no better place to check than the Energy Tomorrow Blog. About API: API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API's more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation's energy and are backed by a growing grassroots movement of more than 40 million Americans. To learn more about API and the value of oil and natural gas, please visit API.org. Click to view this email in a browser If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe Mike Sommers, API 1220 L Street, NW Washington, DC 20005 US