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.
The EPA Hopes To Kill The Texas Jobs Machine
If implemented, the EPA’s ozone ceiling reduction would kill off Texas jobs and handicap future economic growth—and achieve virtually nothing in return.
Evidence Doesn't Support Fracking As Cause Of Texas Earthquakes
People understandably want answers when they feel the earth shake. But correlation is not causation.
Is Anti-Fracking Movement Paid For By Putin's Russia?
Russia has a huge financial interest in killing fracking, and there are many ways to scrub funds so as to appear to be coming from a benign or unassociated source.
Don't Subsidize Renewable Energy; Fossil Fuels Are The Way To Go
Past assumptions guiding energy policy may have made sense at one time, but it's time to rethink everything we thought we knew about energy.
Money Talks: How We Bribe Countries To Complain About Global Warming
All you need to know about the United Nations climate change confab wrapping up its two-week pity party in Lima, Peru, is that lots of countries would split $100 billion—or more—annually if they can only push enough guilt on the developed economies.
How Obama Props Up Venezuela's Dictator and His Political Mischief
Venezuela would likely be facing imminent financial collapse if it weren’t for President Obama’s opposition to the Keystone XL pipeline.
House Approves Tax Bill Extending PTC Only Through End of 2014
Wind advocates have faced a vocal block of opponents. "Bipartisan forces want to revive the wind PTC because they benefit financially from it," IPI resident scholar Merrill Matthews said. "But thanks to the U.S. energy boom from fossil fuel production, energy for electric power generation is both abundant and affordable - and cleaner than ever."
Time for Wind Production Tax Credit To End Once and For All
Thanks to the dramatic increase in U.S. fossil fuel production, there is no longer any need for wind Production Tax Credit (PTC) subsidies, and Congress should not renew it, saving billions in taxpayer dollars.
Wind Production Tax Credit Imposes High Costs
U.S. taxpayers have been subsidizing wind energy for decades. The primary focus of that subsidy has been the Production Tax Credit, which ended in 2013. But powerful forces want to reinstate the PTC, even though wind energy imposes huge costs on ratepayers and taxpayers at a time when fossil-fuel generated electricity is getting cheaper and cleaner.
Should new GOP Congress rescind EPA's 54.5 mpg mandate for 2025 models?
Like so many of the administration’s reforms, this one is imposed by executive fiat rather than approved by Congress—and the incoming Republican Congress should try to roll it back.
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