The Manteo Prospect off the shore of North Carolina is an exploration target estimated to contain as much as five trillion cubic feet of natural gas (TCF), [1] potentially the largest domestic find of conventional natural gas since Alaska’s Prudhoe Bay in 1968.[2] For comparison sake, Independence Hub in the Gulf of Mexico can access [...]

Photo: Eric Feferberg, AFP/Getty Images Washington, DC – Earlier this morning, President Obama delivered remarks at Andrews Air Force Base on offshore energy exploration and production, and what a scene it was. While many newspapers and cable news pundits cheered the announcement as a positive development, we at the Institute for Energy Research caution lawmakers, [...]

Washington, DC – Following up on the Interior Department’s recent announcement that lease terms in the Gulf will be dramatically shortened, a letter from the agency made public today suggests that Sec. Salazar is well on his way to ensuring that no offshore energy exploration can take place in the Atlantic until at least 2014 [...]

One of the most disappointing aspects of the Obama Administration’s domestic policy has been the way it has dealt with domestic energy production – in particular new offshore energy production. It took oil prices reaching $147 a barrel for President Bush to tear up the moratorium on offshore energy production, but at least when he [...]

IER calls on the administration to unlock taxpayer-owned energy resources IER President: “Americans need jobs and America needs fuel to drive economic growth and prosperity. Increasing domestic energy production is a common sense solution embraced by a clear majority of Americans” Washington, DC – Today, one in 10 Americans are out of work. However, the Obama [...]

Latest round of government handouts to create temporary ‘green’ jobs, line corporate fat-cat pockets WASHINGTON – Following President Obama’s remarks on “green” jobs and “clean energy technology,” Thomas J. Pyle, president of the market based Institute for Energy Research (IER), issued the following statement on the President’s commitment of $2.3 billion additional taxpayer dollars to further subsidize the wind [...]

Why is President Obama still keeping these resources under lock and key? Washington, DC – Today, Rasmussen Reports released a poll finding that nearly 70 percent of Americans support responsible offshore energy exploration and production. Thomas J. Pyle, president of the non-partisan Institute for Energy Research (IER), issued this statement: “The American public understand full-well that [...]

Responsible offshore energy exploration could create good-paying jobs, provide $70 billion in annual wages Washington, DC – Tomorrow, President Obama, business and labor leaders, academics and other elected officials will gather at the White House for a jobs summit. Thomas J. Pyle, president of the Institute for Energy Research (IER), issued the following statement on [...]

Obama Administration Breaks (non) Leasing Records, Presents a Clear and Present Danger To U.S. Energy Security “Oil and natural gas are, and will remain for many years to come, a cornerstone of our nation’s energy base.” -Interior Secretary Ken Salazar, March 19, 2009. The Department of Interior recently issued a press release that stated, “Since [...]

Senate panel examines on offshore environmental stewardship; Should focus on unlocking job-creating homegrown energy Washington, DC – Offshore energy exploration and production in the United States is safe and environmentally sound. Over the past 50 years, the U.S. oil and gas industry has developed innovative, 21st century technologies and exploration techniques that are efficient, pose [...]