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.
Foreign Tensions Shows Need to Open Energy Exports
For decades, the primary energy producers have been countries that do not share the major democracies' values. And yet the democracies' economies are dependent on those producers. New drilling techniques have made it possible to reduce or eliminate that stranglehold.
The Environmental Movement Becomes a Bird-Killing Machine
Environmentalists are always concerned about the environment, except when they aren't. Just look at how many dead birds they tolerate for a little clean energy.
Gas Alert; Other Energy Business Developments
Anti-Fracking Laws vs. Property Rights
The growing efforts by state and local governments to stop hydraulic fracturing, or “fracking,” to extract natural gas could end up in the Supreme Court—because they may unconstitutionally limit property owners’ ability to profit from their mineral rights.
Obama's Climate-Change Action Costs More Than Inaction
Obama will continue to spend significantly more than what he’s already squandered in the hope of avoiding a $150 billion economic hit that will likely never happen anyway.
North Charleston mayor joins wildlife, environmental groups in supporting offshore wind power
North Charleston Mayor Keith Summey joined environmental groups in calling for the government to take a leadership role in promoting offshore wind power.
Wind Energy's Future Faces Key Challenges
In “Challenges for Wind Energy’s Future,” Merrill Matthews, Ph.D., discusses how wind energy’s advancement proves problematic due to four key challenges, foremost of all its expense.
Challenges for Wind Energy's Future
The U.S. has spent billions of taxpayer dollars subsidizing wind energy. And while the industry is growing, it's expensive, unreliable and supplies only a small portion of the country's energy needs. Congress is backing away from its longtime support for wind subsidies, and given the growing availability of inexpensive fossil fuels for energy generation, that's the right move.
Obama Announces $4 Billion for Crony Capitalism, er, Clean Energy Loans
Even while President Obama seeks additional money from Congress for border security, his administration is giving away billions of taxpayer dollars to clean energy companies that the government likes, even though their success rate is abysmal.
Energy Could Be Pivotal Issue In Tipping Balance In Senate
While the economy will likely be the top voter concern in the November elections, energy may be a stealth issue that comes in second or third on many voters' lists.
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