Access to abundant, affordable energy is a key factor in economic growth, whether supplying the manufacturing plants of the 20th century or the server farms of the 21st century. Unfortunately, the federal government has placed unreasonable restrictions on domestic exploration and development, and foreign sources are sometimes actually hostile to our own interests.
New discoveries and innovative technologies have made possible the extraction of enormous new energy resources within the United States. The U.S. possesses not only enormous natural energy resources but also the technology to extract those resources in a responsible manner.
IPI believes that the United States should become as energy self-sufficient as possible, drawing upon a diverse energy base comprised of all possible energy resources. We believe that free people operating within a free economy using voluntary risk capital will out-innovate government-directed central planning funded by taxpayer dollars. The key to energy innovation is abundant capital, a tax system that rewards rather than punishes success, an intellectual property system that allows innovators to own the fruits of their research, and a regulatory environment that balances the needs of our economy with the protection of the environment.
Agency to Drop Royalty Rates for US Gulf Lease Sale
In a Wall Street Journal opinion piece Sunday, Merrill Matthews of the conservative think tank Institute for Policy Innovation highlighted the differences in production and royalty rats between federal and state lands.
Mineral Rights Can Make You Rich
“So much of our land was closed to development,” President Trump observed in a recent energy speech. “We’re opening it up.” If he makes good on that promise, it will give the economy a major boost, along with millions of royalty owners.
Trump Agenda Would Unleash U.S. Energy
The Trump administration’s ambitious agenda for unleashing, rather than obstructing, U.S. energy is a game-changer for not only promoting the U.S. economy and creating jobs, but a stabilizing factor for peace around the world, said IPI's Merrill Matthews, Ph.D.
How US Natural Gas Will Help Countries Meet Their Paris Commitments
As countries try to reduce their carbon emissions in accord with their Paris agreement commitments, transitioning to natural gas power generation may be one of their first steps.
EDITORIAL: Finding Hope After Trump's Climate Retreat
This weekend the Trib has devoted a generous amount of ink and paper to differing views on President Trump’s decision to withdraw from the 2015 Paris climate accord. Those opinions range widely, from Washington Post journalist Ben Adler’s concern for both environment and economy, increasingly dependent on renewable energy and green initiatives, to conservative Texas scholar Merrill Matthews’ fears that the accord made too many demands of developed nations for environmental change, which he suggests (and with strong evidence) is already being positively affected by free-market forces.
Senate Deserves Right of Refusal on Paris Agreement
The decision on whether to remain in the Paris Agreement should lie with the Senate, which is empowered by the Constitution to ratify treaties.
Texas Leaders Are Failing to Pursue Conservative Principles, And The Thwarted Sale of Oncor Is A Perfect Example
In yet another legislative cycle, Texas voters have sent a substantial cadre of conservative legislators to Austin, and yet again, anything resembling a free-market agenda has barely budged.
Ford's CEO--Another Casualty to Obama's Green Dreams
Ford's CEO is out, in part because President Obama's unrealistic CAFE standards force car manufacturers to build small, fuel-efficient cars that very few people want.
Renewable Fuel Standard Should Be 'Fired' By Trump
While it might have seemed reasonable in the 1970s to transition to ethanol, advances in drilling and environmental assessments have disclosed numerous problems. Maybe President Trump will, like a number of other policies, reconsider the economics and the science and say to the ethanol industry: You’re fired.
Federal Oil and Gas Leases Could Boost Government Revenue
President Trump recently proposed opening up more federal land and offshore for oil and natural gas exploration. That’s good news.
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