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.
Forum on Fracking Ban Draws Crowd
Giovanetti said the economy is set up to allow companies to innovate and that, should problems develop, steps could be taken to manage them. He encouraged people to allow policy makers to use a risk management approach. The EPA and the Texas Commission on Environmental Quality have found that fracking does not present a public health problem, he said.
Outside Money Pours Into Fracking-Ban Fight in Texas
If the ban passes, particularly in Texas, it could encourage activists who want broader bans on hydraulic fracturing. "There will be a flood of press releases issued by every environmental group all over the country," he said.
In Texas, a Fight Over Fracking
The battle is over a proposed city ban on hydraulic fracturing -- the technique of blasting shale rock with water, sand and chemicals to dislodge oil and gas, often called fracking -- in a referendum on Nov. 4.
Another Study Uses Scare Tactics To Tout Climate Risk
Having failed to scare — or even convince — the public about the impending doom of global warming, a new group is trying to scare businesses into action.
Denton Drilling Opponents Funded By Non-Local Environmental Extremist Groups
Reports released today indicate most of the funding for proponents of the Denton drilling ban have originated from non-local environmental extremist groups.
When Republican Governors Feed At The Crony Environmentalism Trough
President Obama has made crony capitalism, especially the green-energy variety, a hallmark of his administration. But when it comes to ethanol, Republican governors have been just as bad.
Elements of a Republican Reform Agenda
Powerpoint presentation given by IPI President Tom Giovanetti to the North Texas Strategy & Victory Conference in Grapevine, Texas on September 27, 2014.
A Modern Miracle: Middle East Chaos, Yet Gas Prices Drop!
Innovative drilling techniques have made it possible to dramatically increase oil and natural gas production, making shortages elsewhere less volatile.
IPI's Giovanetti & BSEEC'S Ireland Headline Debate on Denton, TX Frac Ban
Tom Giovanetti, head of The Institute for Policy Innovation (IPI) will be participating in a debate on the controversial proposed ban on hydraulic fracturing in the city of Denton, Texas.
It's Time to Update Lagging U.S. Energy Infrastructure
The United States recently passed Russia and Saudi Arabia to become the world’s top energy producer. But our nation’s infrastructure for transporting, storing and delivering energy hasn’t kept up with production.
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