Oil and Natural Gas Archive

IER Releases Top Five Questions for NOAA Chief Ahead of Appropriations Hearing

March 16, 2010

Washington, DC – On Wednesday, National Oceanic and Atmospheric Administration (NOAA) administrator Jane Lubchenco will testify before the House Appropriations subcommittee on Commerce, Justice and State – on hand to defend her agency’s $5.55 billion budget request, which represents a 15 percent increase over current funding levels.
While some of that money will certainly go to [...]

BUDGET: Obama Raises Taxes on Efficient Energy to Give Subsidies to Inefficient Energy

February 1, 2010

The Obama Administration today released its proposed FY 2011 budget. Not surprisingly, it contained $36.5 billion in new taxes over ten years on the oil and gas industries, while heaping new billions in taxpayer support for politically-favored energies. Such policies are never a good idea, but they are particularly destructive in the midst of a [...]

Mr. President, Don’t Forget About America’s Job-Creating Energy Resources

January 27, 2010

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 Administration has [...]

China Set Records in 2009. What’s in Store for 2010?

January 21, 2010

In 2009, China surpassed Germany as the world’s biggest exporter, adding to the list of economic areas where it ranks number one. According to China’s customs agency, the country’s 2009 exports totaled more than $1.2 trillion. Germany’s foreign trade organization estimated that that country’s exports were $1.17 trillion for 2009. This is yet another sign [...]

Hydraulic Fracturing Creates Jobs, Increases Energy Security

January 20, 2010

Safe, environmentally sound practice part of the energy solution
WASHINGTON – America’s shale gas resources can play a critical role in securing America’s energy future, members of a key Energy and Commerce subcommittee heard today — but only if the technology needed to produce those resources remains intact and under the regulatory oversight of the states. [...]

America: Awash in Natural Gas—as Long as Hydraulic Fracturing is Allowed

January 20, 2010

Frigid weather across the United States has resulted in a recent increase in demand for heating fuels. Not too long ago, Americans thought that they would be in need of greater natural-gas imports from Canada, the Middle East, and other areas to meet increasing demand, inasmuch as natural gas is the main heating fuel [...]

Lease Police: Salazar Decision on Lease Rules Will Make It “More Difficult, Expensive and Time-Consuming” to Produce American Energy

January 6, 2010

IER Prez: “No Administration In History Has Done More to Ensure Producers Do Less”
WASHINGTON – Earlier today, Interior secretary Ken Salazar outlined a series of changes to federal leasing rules aimed at making it more difficult, expensive, and time-consuming to explore for and produce abundant reserves of American energy on federal, taxpayer-owned land. Subsequent to [...]

New Poll: Nearly 7 in 10 Americans Favor Offshore Energy Development

December 16, 2009

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 energy stability [...]

China Secures Oil and Gas Resources; U.S. Prefers to Wait for Green Energy

December 14, 2009

Around the world, China is investing in oil and gas resources to fuel its booming manufacturing industries and transportation sector to continue its sky-rocketing economic growth. China is not endowed with very much oil and gas resources of its own. Thus, it needs to partner with countries around the world to ensure availability of future [...]

1.2 Million Energy Jobs Available, Will Obama Admin. Open OCS for Business?

December 2, 2009

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 the [...]

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