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.
How Iraq Makes the Case for Crude Oil Exports
The U.S. ban on exporting crude oil and natural gas keeps prices artificially high and opens the door for troublemaking countries with large fossil fuel reserves to wreak foreign policy havoc.
Obama can help fill the jobs during energy boom
Thousands of high-paying, blue-collar jobs are begging for skilled workers thanks to the U.S. energy boom. If President Obama really wants to be helpful, there are a couple of things he could do.
Global Warming Activist James Hansen Says Nuclear Is the Answer
Matthews says environmental activists who seek substantial carbon dioxide reductions while opposing nuclear power are dreaming. He notes excess regulation deters the construction of new nuclear power plants and makes construction and operation more expensive.
Russia May Be an Energy Powerhouse, but It's an Economic Basket Case
Russia is a threat only because of it's military and energy resources, not because of it's economy. If the industrialized democracies, and especially the U.S., expand energy production, they can whittle away at Russia's budget and ability to create mischief.
Abundant Energy Supply Strangled by Environmentally Driven Regulations
Energy experts believe that the Obama administration slows or prevents drilling on federal lands by delaying and denying permits. Consequently, production on federal lands fell 23 percent since 2007. According to the Institute for Policy Innovation, the federal government owns 28 percent of U.S. land, 62 percent in Alaska and 47 percent in 11 western states.
US Now World's Top Energy Producer
According to the Institute for Policy Innovation, the federal government owns 28 percent of U.S. land, including 62 percent of Alaska and 47 percent of 11 Western states.
Energy Boom in US Could Assist Peace
The U.S. must move forward with plans that will turn cheap and abundant natural gas into liquefied natural gas for export.
Time to Boost U.S. Economy by Lifting Crude Oil, Gas Export Ban
In "The Case for Permitting Crude Oil Exports," Merrill Matthews explains that the oil export ban, imposed during the 1970s oil shortages, is out dated and counterproductive in an age of dramatically rising U.S. oil production.
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