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’ and call for additional taxes.  Thomas [...]

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 consumers.  And on the [...]

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 shelf (OCS) to include areas currently [...]

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 subsidies for [...]

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 today as the U.S. Senate considered legislation [...]

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 draft rules for the commercial leasing of federal [...]

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 overcome technical, resource, [...]

 
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 for Energy Research (IER), issued the [...]

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 and [...]

 
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 to rescind the executive ban on offshore energy [...]