• In the Fiscal Year 2012, over $1 billion was spent on the energy investment tax credit.
  • The federal government has spent over $27 billion in recent years on renewable tax subsidies.
  • For Fiscal Years 2009-2012, renewables alone accounted for 50% of total tax subsidies for energy, but produced only 12% of the nation’s total electricity.
  • Did you know Washington has wasted nearly $5 million by giving Macy's department store grants for solar power?
  • Hoku Solar Power I, LLC, a company that recently filed for bankruptcy, was given over 2 million dollars in grant money.

Another DOE Flop: Smith Electric Vehicles Closes Kansas Plant Analysis

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“You’re doing more than just building new vehicles. You are helping to fight our way through a vicious recession and you are building the economy of America’s future.” President Obama, 2010.

The U.S. Department of Energy (DOE) provided $30 million to Missouri-based Smith Electric Vehicles and President Obama used the spending as an opportunity to campaign in Missouri. Hindsight now shows that it was irresponsible for the Obama …

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GAO Report Shows NEPA is Broken Oil and Natural Gas Oil

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WASHINGTON — IER Senior Vice President Dan Kish issued the following statement after the release of the Government Accountability Office’s (GAO) report on the National Environmental Policy Act (NEPA):

“GAO’s report indicates that NEPA is long past broken. What began as a law to encourage public participation and transparency has turned into a tool for delaying projects on federal lands. It’s paralysis by analysis. Opponents of energy production have been …

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The UK and U.S. Northeast Face a Pending Energy Shortage Analysis Nuclear

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The United Kingdom and the U.S. Northeast may have something in common going into next winter—a possible energy shortage. Both countries are closing existing power plants—coal-fired and nuclear—in favor of renewable and natural gas generating technologies. In the United States, the Independent System Operator in New England has warned that generating capacity is extremely tight with the future closure of the Vermont Yankee nuclear power plant and several coal-fired power …

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Oil Producing North Dakota Outshines Other States in Personal Income Growth Analysis Oil

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According to the Bureau of Economic Analysis (BEA), average personal income growth in the U.S. slowed to 2.6 percent in 2013, from a 4.2 percent increase in 2012.[i] The lowest state personal income growth was in West Virginia (1.5 percent) while the highest state personal income growth was in North Dakota (7.6 percent). North Dakota’s growth was almost double the next highest state and almost three times …

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