Mike Sommers, president and chief executive officer of American Petroleum Institute (API), during the 24th World Petroleum Congress in Calgary, Alberta, Canada, on Sept. 19, 2023.
Mandatory Credit:	Gavin John/Bloomberg/Getty Images

Mike Sommers, president and chief executive officer of American Petroleum Institute (API), during the 24th World Petroleum Congress in Calgary, Alberta, Canada, on Sept. 19, 2023.
Mandatory Credit: Gavin John/Bloomberg/Getty Images

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Big Oil CEO is concerned about potential Middle East escalation, touts record US supply

The American oil industry is on high alert for an escalation of the violence in the Middle East that disrupts the flow of oil out of the region.