GREEN JOBS: Fact or Fiction?
An Assessment of the Literature
January 2009
By Robert Michaels and Robert P. Murphy

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Introduction and Executive Summary
I. Green Recovery, Center for American Progress
II. Job Opportunities for the Green Economy, Political Economy Research Institute
III. Current and Potential Green Jobs in the U.S. Economy, Global Insight
IV. Renewable Energy and Energy Efficiency, American Solar [...]

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 [...]

As Congress wrestled with the $700 billion bailout program, Google has come up with another massive spending program. Google wants the Federal government to spend $4.4 trillion to subsidize renewable energy. Eric Schmidt, Google’s CEO quipped, “Given the apparent willingness of the U.S. government to write big checks in a crisis, we can do this on [...]

The first oil well in the U.S. was drilled in 1859. Do you know where?
Titusville, Pennsylvania. While historical records indicate that naturally occurring seeps of petroleum were collected and used for a variety of purposes as early as the 1600s, Colonel Edwin Drake was the first to devise a mechanical system to drill into underground [...]

On Saturday, September 27, the “Green Jobs Now” campaign is fielding what it calls a National Day of Action to “build the new economy.” Their goal is to repower “America with 100% clean and renewable electricity within 10 years.” The goal sounds laudable, but repowering America in 10 years comes with a hefty price tag [...]

T. Boone Pickens’ Decision to Build a Wind Farm Shows Why the Wind Production Tax Credit (PTC) Should NOT be Extended
Right now, wind industry lobbyists are pushing the U.S. Congress to extend the highly lucrative wind Production Tax Credit (PTC), an action that could shift another $3 billion[1] in tax burden from wind farm owners [...]

U.S. Wind Statistics: (Updated May 19, 2009)

In 2008, wind represented 0.5% of all energy consumed in the US.[1]

In 2008, wind represented 1.3% of all electricity generated in the US.[2]

In 2008, wind generating capacity in the U.S. totaled 25,170 megawatts and generated 52.0 million megawatt hours.[3] Wind turbines generated only a percentage of their theoretical maximum [...]

by Andrew Chamberlain
Fiscal Economics, Inc.
Commissioned by the Institute for Energy Research (IER)
September 2008

PDF (248KB)
Abstract
The recently released “Gang of Ten” energy proposal includes revenue offsets that would exclude domestic oil and gas companies from the Section 199 deduction for domestic production activity. Using a simple input-output model, we estimate the state-by-state impact of this proposal on [...]

FOR IMMEDIATE RELEASE:
July 31, 2008
CONTACT:
Brian Kennedy (202) 434-8200

Earnings Week Intensifies Silly Season on Capitol Hill
Does podium pounding lower prices for consumers?
Washington, DC – Record oil prices have led to record-high earnings for oil companies, which in turn leads Washington politicians to podiums and news cameras to declare their ‘outrage’ and call for additional taxes.  Thomas [...]

by Mary Hutzler

American taxpayers footed a $16.6 billion bill for energy subsidies, tax breaks, loan guarantees, and the like in 2007 alone, according to data from the U.S. Energy Information Administration (EIA). That’s more than double the Federal subsidy level from eight years earlier.�
In fact, on an energy fuel basis, Congress has increased subsidies for [...]