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 [...]

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]