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Obama's New Energy Trust Will Simply Reward Failure
Tweet Share on Facebook March 25, 2013 CommentThomas J. Pyle is the president of the Institute for Energy Research.
Common sense dictates that bad outcomes will result from penalizing success while rewarding failure. To this point, no one suggested diverting money from commercial jet travel to fund the development of commercial zeppelin travel, nor did we take revenue from automobile manufacturers to invest in stagecoaches. Yet, the Obama administration's new "Energy Security Trust" proposes to do exactly this, by building unproductive technologies while simultaneously discouraging productive ones.
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Suntech Bankruptcy Shows Solar Power Isn't Economically Viable
Tweet Share on Facebook March 21, 2013 CommentMichael Lynch is the president and director of global petroleum service at Strategic Energy & Economic Research.
Suntech, one of the world's largest photovoltaic manufacturers, has now declared bankruptcy, ignoring the enormous enthusiasm from environmentalists just as the tide ignored King Canute. Many of us had warned about just such a threat and been denigrated as old fogies, shills for the oil/gas/coal industries, or simply ignorant. This misguided enthusiasm provides a good object lesson.
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Chavez's Death Presents Venezuela With Oil Boom Opportunity
Tweet Share on Facebook March 14, 2013 CommentGregg Laskoski is a senior petroleum analyst for GasBuddy.com
With the passing of Hugo Chavez questions about Venezuela's future multiply each day. Who will lead this nation? Nicolas Maduro or Henrique Capriles, an underdog who garnered 44 percent worth of opposition votes when he ran against Chavez?
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Keystone XL Pipeline Makes for Rare Common Ground in Congress
Tweet Share on Facebook March 13, 2013 CommentPete Sepp is executive vice president of the National Taxpayers Union.
The partisan line in the sand that we have come to know so well in recent years—on nearly every issue—has not spared the nation's energy policy. Today, as ever, the stark divides that exist between those who desperately want to develop more oil and gas and those who desperately want to stop it remain sharp and pronounced.
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Will Obama Get Out of the Way of the Energy Boom?
Tweet Share on Facebook March 13, 2013 CommentDaniel Simmons is the director of state affairs at the Institute for Energy Research.
President Obama says that he is "proud of the fact" that domestic oil and natural gas production is increasing. The reality, however, as the Congressional Research Service explains in a new report, is 100 percent of the increase in domestic oil and natural gas production since 2007 has occurred on nonfederal lands. In fact, oil and gas production in the United States has fallen on federal land since 2007. Considering that the federal government owns almost two thirds of all lands onshore and offshore in the United States, many of which hold vast energy resources, this is a glaring discrepancy and a blight on the administration's so-called "all of the above" energy strategy.
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Sequestration Is No Excuse for Energy Tax Hikes
Tweet Share on Facebook March 2, 2013 CommentPete Sepp is executive vice president of the National Taxpayers Union.
Tax hike proposals in Washington are, unfortunately, as common as crabgrass. Variations on the theme include heavier government burdens on traditional energy. The latest twists and turns on energy tax hikes have a self-imposed urgency, thanks to the federal "sequestration" budgeting mechanism. However, the potential for capitulation on more taxes might actually be worse now that the sequester has taken effect.
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Obama Can Turn Sequestration Crisis Into Energy Opportunity
Tweet Share on Facebook February 28, 2013 CommentThomas J. Pyle is the president of the Institute for Energy Research.
Some Washington policymakers are quivering over the fact that the sequester is scheduled to take effect on Friday, though the most disconcerting thing about the coming spending cuts has little to do with the size of the cuts themselves. In truth, the coming sequester doesn't cut spending. It only keeps spending increases down to $15 billion more than last year.
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Oil and the Weakening of the U.S. Dollar
Tweet Share on Facebook February 27, 2013 CommentGregg Laskoski is a senior petroleum analyst for GasBuddy.com
The value of the dollar is slipping, slipping, slipping… so consistently that its pervasive influence impacts American consumers daily both on the price of gasoline and just about any consumer goods we buy. Have you bought Girl Scout cookies lately? A box of their wonderful Thin Mint cookies has shrunk from three sleeves of cookies to two. The box weighs 9 ounces.
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Obama's State of the Union Failed to Offer Actual Energy Plan
Tweet Share on Facebook February 15, 2013 CommentGregg Laskoski is a senior petroleum analyst for GasBuddy.com
If you've taken a look lately at retail gasoline prices across the U.S. it's not terribly surprising to see high-tax states like New York and California with the most expensive gasoline in the country. But who is paying the least at the pump?
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Beware Obama's State of the Union Energy Tax Rhetoric
Tweet Share on Facebook February 12, 2013 CommentPete Sepp is executive vice president of the National Taxpayers Union.
Fresh from winning a comfortable victory at the polls in November, President Obama now seems obsessed with winning a Pyrrhic victory in Washington as he presses for a punitive tax attack against America's oil and natural gas industry. "Pyrrhic" is a term used to describe an outcome that's gained at excessive cost. Nothing could more aptly describe what the president seeks now—and worse, the "excessive cost" is one that's paid by the national economy and average American families.
