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.
Democrats and Environmentalists Want Higher Royalties for Drilling on Federal Lands
If drilling on federal lands is such a financial windfall for oil and gas producers, then why has that drilling declined since Barack Obama became president?
Let Oil Reserves Fund Highways, Not More Taxpayer Money
Lawmakers scrambling to find funding for the federal Highway Fund should look to using all of the Strategic Petroleum Reserve (SPR), not just 100 million barrels, as the Senate is proposing.
Oklahoma Bars City Fracking Bans
It is perfectly appropriate for state legislatures in Texas and Oklahoma to take the lead in prohibiting city and county fracking bans.
Americans Spurn Obama's Green Machines for Big, Gas Guzzling SUVs
Turns out President Obama’s prediction about American drivers embracing electric cars was about as accurate as his prediction that Obamacare would lower health insurance premiums.
The Myths About Fracking Are Many And Damaging
Much of the reporting on fracking is a confused mess. One day there's a news story or newly released study implying that fracking is causing earthquakes or groundwater contamination; the next day there's a different study or story asserting there is no clear connection. But scientific evidence does not support the media confusion and hyperbole.
Let the Strategic Petroleum Reserve Fund Our Highways
Congress is looking for ways to fund the Highway Fund once again, but members could do it without raising taxes—by sunsetting the Strategic Petroleum Reserve.
We've Found The Source Of Human-Caused Global Warming: Data Manipulation
Scientists at the National Oceanic and Atmospheric Administration (NOAA) manipulated the raw data from global temperatures.
More Tax Money for Obama's Green Dreams
President Obama is poised to waste another $100 million pursuing his, not consumers', vision of a corn cob in every gas tank.
Why Is Obama Blocking Infrastructure Projects?
Energy development has been crucial to America's economic growth in recent years. The feds have the power to ensure that economic success has only just begun, but only if officials stop standing in the way of a needed infrastructure expansion.
End The Ban on Oil Exports
The country has just taken another step towards energy independence—which also means energy security. Sens. Lisa Murkowski (R-Alaska) and Heidi Heitkamp (D-N.D.) have introduced the Energy Supply Distribution Act, whose primary purpose is to end the 40-year ban on exporting U.S. crude oil.
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