FOR IMMEDIATE RELEASE: July 31, 2008 CONTACT: Brian Kennedy (202) 434-8200 Earnings Week Intensifies Silly Season on Capitol Hill Does podium pounding lower prices for consumers? Washington, DC – Record oil prices have led to record-high earnings for oil companies, which in turn leads Washington politicians to podiums and news cameras to declare their ‘outrage’ [...]

FOR IMMEDIATE RELEASE: July 30, 2008 CONTACT: Brian Kennedy (202) 434-8200 Congress Continues to Wag Finger at Ghosts, Real World Energy Solutions Remain On Hold Washington, D.C. – Congress today failed in yet another attempt to regulate the domestic commodity market in the seemingly endless quest to “do something” to curb high energy prices for [...]

FOR IMMEDIATE RELEASE: July 30, 2008 CONTACT: Brian Kennedy (202) 434-8200 Interior Department Initiates New Offshore Drilling Plan 62 Days Until Congressional Offshore Energy Ban Expires Washington, DC – The Institute for Energy Research (IER) today applauded the Department of Interior’s decision to craft a new 5-year plan for energy production on the outer continental [...]

by Mary Hutzler American taxpayers footed a $16.6 billion bill for energy subsidies, tax breaks, loan guarantees, and the like in 2007 alone, according to data from the U.S. Energy Information Administration (EIA). That’s more than double the Federal subsidy level from eight years earlier.  In fact, on an energy fuel basis, Congress has increased [...]

  FOR IMMEDIATE RELEASE July 22, 2008 CONTACT: Brian Kennedy (202) 434-8200 No Evidence of Excessive Speculation Exists IER Economist: “The law of supply and demand is working effectively, but Washington is effectively ignoring the law."   Washington, DC – Robert Murphy, resident economist at the Institute for Energy Research (IER), issued the following statement [...]

  FOR IMMEDIATE RELEASE July 22, 2008 CONTACT: Brian Kennedy (202) 434-8200 IER Applauds Announcement of Oil Shale Leasing Rules 70 days until Congressional moratorium on oil shale leasing expires   Washington, DC – The Institute for Energy Research (IER) today issued the following statement applauding the U.S. Department of the Interior’s decision to issue [...]

by Robert Bradley, Jr. CEO and Founder, The Institute for Energy Research   Energy is uniquely essential to modern life and human progress; it is the master resource.  This book describes how the ultimate resource, the human mind, has harnessed energy to meet the world’s increasing needs.  Throughout history, human knowledge, creativity, and sweat have [...]

  FOR IMMEDIATE RELEASE July 17, 2008 CONTACT: Brian Kennedy (202) 434-8200 706% inrease in lease protests threatens American energy supplies WASHINGTON, D.C. –  With consumers and the economy suffering the consequences of skyrocketing energy prices, lawmakers in Washington continue to advance sound bites instead of solutions.  Daniel Kish, senior vice president of the Institute [...]

The oil and gas industry is frequently characterized as “Big Oil.” In fact, small businesses typically employing 10 full-time and 3 part-time employees drill 85 percent of the United States’ wells, produce 65 percent of the natural gas, and nearly 40 percent of the oil consumed by Americans. Meanwhile, 97% of federal lands on the OCS [...]

  FOR IMMEDIATE RELEASE July 15, 2008 CONTACT: Brian Kennedy (202) 434-8200 Supply and Demand is Not a ‘Hoax’ or ‘Failed’ Approach The U.S. has failed to increase supply   Washington, D.C. – Thomas Pyle, president of the Institute for Energy Research (IER), issued the following statement in response to opponents of the President’s decision [...]