The major integrated oil companies are expected to soon start releasing their interim third quarter earnings reports. Analysts expect the reports to show large—perhaps record-breaking—profits. With a sputtering economy and an election right around the corner, we can be sure some lawmakers will excoriate “Big Oil” for kicking the consumer when he’s down. Indeed, some [...]

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Congress has decided to end the moratorium on energy exploration and production on the Outer Continental Shelf (OCS). This is a victory for the American people, but the question is, what does ending the moratorium really mean and when should we expect to see production on the OCS?
The moratorium banned any energy [...]

FOR IMMEDIATE RELEASE
September 22, 2008
CONTACT
Brian Kennedy (202) 346-8826
IER Continues Energy Education Ad Campaign:
Only 9 More Days Until Congressional Bans on Offshore and Oil Shale Energy Expire
Washington, DC – The Institute for Energy Research (IER) continues its energy education ad campaign this week with two new radio spots, “Same Failed Policies” and “Drill More, Tax Less.”  [...]

Yesterday the House embarked upon yet another in a long series of energy debates. Like its predecessors, this new energy bill, entitled the “Comprehensive American Energy Security and Consumer Protection Act” (H.B. 6899) does almost nothing to improve our energy situation. Further, the measure seems to increase costly regulation on buildings and imposing additional burdens [...]

FOR IMMEDIATE RELEASE
July 22, 2008
CONTACT:
Brian Kennedy (202) 434-8200
IER Applauds Announcement of Oil Shale Leasing Rules
70 days until Congressional moratorium on oil shale leasing expires
 
Washington, DC – The Institute for Energy Research (IER) today issued the following statement applauding the U.S. Department of the Interior’s decision to issue draft rules for the commercial leasing of federal [...]

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, or any [...]

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.) [...]