New national survey finds that 70% of Americans oppose new energy taxes to combat global warming IER President: “The American people are smarter than the political class in Washington think – they see this tragic accident playing out in the Gulf, and are overwhelmingly opposed to the Obama Administration’s plan to capitalize on it politically [...]

Criticism of Employment Effects Estimates Another criticism made by Levi is that the estimated employment impacts in our study are invalid because more capital-intensive industries will be more heavily affected than labor-intensive industries by climate policy. As we make clear in our study, our figures for potential job losses are only order-of-magnitude estimates designed to [...]

by Andrew Chamberlain Chamberlain Economics, L.L.C Michael Levi at the Council on Foreign Relations argues for a naive view of state and local utility regulation. He argues for a world in which municipal regulators have the ability to force utility managers to act against their own economic interests, passing forward the full benefit of free [...]

Abstract Various legislative and other proposals have promoted policies that would tax or place a price floor on petroleum-based transportation fuels such as gasoline because as President Obama stated in his recent address, “we’re running out of places to drill on land and in shallow water.”[1] Their object is to spur conservation and promote the [...]

Washington, DC – This afternoon Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.), along with the Environmental Protection Agency (EPA), released an economic analysis of the American Power Act (APA) – a piece of legislation designed to change consumer behavior by taxing 85 percent of the energy consumed in the United States in an attempt [...]

Photo: Harry Hamburg/Associated Press Senators John Kerry and Joe Lieberman have finally released their cap-and-trade energy tax bill. Like the Kerry-Boxer energy tax bill and Waxman-Markey energy tax bill, this is shaping up to be incredibly costly and restrictive of Americans’ energy freedom. All cap-and-trade bills drive up the cost of energy and harm the [...]

**UPDATE: American Power Act legislative text now available.** Washington, DC – After months of behind-the-scenes horse-trading and corporate deal-making, Senators John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.) finally unveiled their global warming measure, The American Power Act. However, they have yet to release the actual legislative text, which will include the all [...]

Tomorrow, with the support of the White House, Senators Kerry and Lieberman are introducing a bill to regulate energy. The Obama administration and Congress are trying to make the American public believe that cap-and-trade and other “clean energy” policies will reduce greenhouse gas emissions while not significantly increasing consumer prices. These Senators and the President [...]

Washington, DC – As Senators John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.) prepare to unveil their much-awaited global warming legislation, many Americans find themselves wondering who will benefit from the proposal. Well, after a quick search of newspapers from the past few years, it’s obvious who wins and who loses: Wall Street [...]

Washington, DC – With Sens. John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.) set to introduce their much awaited global warming legislation later this week, the Institute for Energy Research compiled and defined a list of terms expected to be included. It is important to remember that the principal behind the KGL approach [...]