The Federal Reserve was established in 1913 as the central bank of the United States. It acts as the “banker’s bank” and has the dual mission of smoothing out the ups and downs of the business cycle and of containing price inflation. The Fed ultimately controls the U.S. money supply through its regulation of commercial [...]

For the third time in the past 5 months The Washington Post has called for new taxes on energy. This time the Post is calling for a carbon tax because cap-and-trade regimes for greenhouse gas emissions are flawed. According to the Post:
Cap-and-trade regimes have advantages, notably the ability to set a limit on emissions and [...]

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Last December, California released a draft low carbon fuel standard (LCFS) which calls for a 10.5 percent reduction in the carbon intensity of gasoline and a 10 percent reduction for diesel. Following California’s lead, representatives of 11 Northeastern states recently signed an agreement to pursue a region-wide low-carbon fuel standard.
The proponents of [...]

Energy is the lifeblood of our economy.  As our competitors around the globe have shown us in recent years, job creation and economic growth begin with access to abundant, affordable energy supplies. 
Unfortunately, the Obama administration’s stimulus proposals are founded on the fundamentally flawed notion that we will achieve prosperity if we make coal, oil, [...]

FOR IMMEDIATE RELEASE
December 22, 2008
CONTACT:
Brian Kennedy (202) 346-8826
Chris Tucker (202) 346-8825
IER CEO: Obama Science Pick’s “Intolerance for Dissent,” Persist Predictions of Global Collapse, “Legendary”
Houston — Institute for Energy Research (IER) CEO and founder Robert L. Bradley Jr. released the following statement today in response to the president-elect’s announcement that Professor John Holdren will serve as [...]

FOR IMMEDIATE RELEASE
December 18, 2008
CONTACT:
Brian Kennedy (202) 346-8826
Chris Tucker (202) 346-8825
IER CEO: Obama Energy Plan Resurrects Malthusian ‘Limits to Growth,’ Enron ‘Green’ Energy Plays

HOUSTON – History warns against the energy plan proposed by President-elect Barack Obama, according to a new book written by the CEO and founder of the Institute for Energy Research.
“The heavy [...]

Synopsis (104KB)
Introduction
Energy is the lifeblood of our economy. The United States, with less than 5% of the world’s population, uses about 25% of the world’s energy and creates nearly 30% of the world’s economic input. The productivity gained from U.S. energy consumption is a major contributor not only to our quality of life, [...]

Synopsis (104KB)

Complete Analysis (60KB)
The following comparison of Barack Obama’s and John McCain’s energy and environmental plans comes from the statements of their plans on their official web sites. The text first indicates what the respective plans say on each topic, and then provides IER’s analysis of each topic within the program.
Table of Contents

CAFE
Advanced Vehicle R&D
Electricity [...]

FOR IMMEDIATE RELEASE:
October 16, 2008
CONTACT:
Thomas Pyle – 202.621.2952
CARB’s AB 32 Scoping Plan Will Cripple California’s Economy While not Helping the Environment
Washington, DC – The California Air Resources Board (CARB) released its Scoping Plan for AB 32, the “California Global Warming Solutions Act of 2006,” calling for a reduction in greenhouse gas emissions in California to [...]

Rep. John Dingell and Rep. Rick Boucher have announced a new cap-and-trade bill they intend to take up next year. The bill amends the Clean Air Act to regulate greenhouse gases would force the U.S. to reduce greenhouse gas emissions 80% below 2005 levels by 2050.
Click here for a copy of the bill.
Click here for [...]