FOR IMMEDIATE RELEASE
September 22, 2008
CONTACT
Brian Kennedy (202) 346-8826
Washington, DC – According to the Associated Press, Congressional leaders have decided to allow the nearly three decades-old ban on offshore energy production to expire.  Thomas Pyle, president of the Institute for Energy Research (IER) issued the following statement:
“For almost thirty years, the Congress has restricted access to [...]

Robert Bradley (President) & Thomas Tanton (Senior Fellow),
Institute for Energy Research
December 19, 2005
Executive Summary
U.S. petroleum refining experienced an unprecedented disruption when a tight crude-oil market was joined by major infrastructure damage from hurricanes Katrina and Rita. Suddenly, less supply was available to meet strong demand, and prices spiked for petroleum products, particularly gasoline.
The price [...]

Investors around the world are selling the U.S. dollar because of the massive Wall Street rescue plans, which thus far total a whopping $1.8 trillion.  Oil is traded on a world market, with potential buyers and sellers having access to many currencies.  A falling dollar translates into more expensive oil and higher prices at the [...]

FOR IMMEDIATE RELEASE
September 22, 2008
CONTACT
Brian Kennedy (202) 346-8826
Speaker Pushing Stealth Renewal of
Congressional Energy Embargo
Stop-Gap Funding Draft Contains House Provision to Extend Moratorium on Most of Lower 48 OCS Lands
Washington, D.C. – Having failed to pass the required measures to fund the government for the next fiscal year, Congress must now pass what is known as [...]

FOR IMMEDIATE RELEASE
September 22, 2008
CONTACT
Brian Kennedy (202) 346-8826
IER Continues Energy Education Ad Campaign:
Only 9 More Days Until Congressional Bans on Offshore and Oil Shale Energy Expire
Washington, DC – The Institute for Energy Research (IER) continues its energy education ad campaign this week with two new radio spots, “Same Failed Policies” and “Drill More, Tax Less.”  [...]

Yesterday the House embarked upon yet another in a long series of energy debates. Like its predecessors, this new energy bill, entitled the “Comprehensive American Energy Security and Consumer Protection Act” (H.B. 6899) does almost nothing to improve our energy situation. Further, the measure seems to increase costly regulation on buildings and imposing additional burdens [...]

FOR IMMEDIATE RELEASE:
September 17, 2008
CONTACT:
Brian Kennedy (202) 621-2951
Washington, D.C. – Last night, the House of Representatives passed a new “energy” bill.  This continued a seemingly endless debate over proposals dubbed as energy solutions, though most produce little if any of the energy their titles seem to promise. Thomas Pyle, president of the Institute for Energy [...]

FOR IMMEDIATE RELEASE:
September 12, 2008
CONTACT:
Brian Kennedy (202) 621-2951
Top Findings from Study Examining “Gang of Ten” Revenue Offsets: Tax Hikes, Job Loss, and Increased Reliance on Unstable Regimes for Oil
A newly-released economic study warns that Congress’ “Gang of Ten” energy plan would increase America’s reliance on oil imported from unstable regimes like Venezuela, Nigeria and Russia. [...]

by Andrew Chamberlain
Fiscal Economics, Inc.
Commissioned by the Institute for Energy Research (IER)
September 2008

PDF (248KB)
Abstract
The recently released “Gang of Ten” energy proposal includes revenue offsets that would exclude domestic oil and gas companies from the Section 199 deduction for domestic production activity. Using a simple input-output model, we estimate the state-by-state impact of this proposal on [...]

Robert J. Shapiro, former Under Secretary of Commerce for Economic Affairs in the Clinton administration, argues in U.S. News and World Reports that we need to be mindful of geopolitics when considering energy policy because (1) the investor-controlled oil companies control a very small percentage of world oil reserves and (2) Russia will use oil [...]