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 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 National Petroleum Reserve – Alaska (NPR-A): Formerly known as the Naval Petroleum Reserve No. 4, the vast 23-million acre area on Alaska’s North Slope has a history of nearly 100 years of petroleum exploration. In 1923, mindful of the land’s conceivable petroleum value, President Harding set aside these 23 million acres as an emergency [...]

Answer: Zero Several investigations into alleged “price gouging” have concluded there is no evidence of any sort of illegal or inappropriate pricing activity. After Hurricane Katrina, the FTC stated that it found “[n]o evidence to suggest that refiners manipulated prices through any means….”[1] The FTC also noted that “if natural price signals are distorted by [...]

Posted by Daniel Kish   Today Congress takes up H.R. 6074, the “NOPEC” bill.  In sum, the bill states:  “It shall be illegal and a violation of this Act… to limit the production or distribution of oil, natural gas, or any other petroleum product…or to otherwise take any action in restraint of trade for oil, natural gas, [...]

Thomas Pyle, president of the Institute for Energy Research (IER), issued sharp criticism of the Congress today for passing H.R. 6074 – better known as the ‘NOPEC’ – a bill intended to hold the Organization of Petroleum Exporting Countries (OPEC) liable under the Sherman Antitrust Act. H.R. 6047 states: “It shall be illegal and a [...]

Congress Must Face the Law of Supply and Demand. Oil, gasoline, fuel oil, and heating oil and diesel fuel commodities traded in the world market and, therefore, their prices reflect the fundamentals economic principals of supply and demand. While much has been done to reduce demand for energy (CAFE, energy efficiency requirements in buildings, etc.) [...]