Press Releases

Coalition to 369 Members of Congress: Let the Wind PTC Expire

December 20, 2012 Benjamin Cole Leave a Comment

WASHINGTON D.C. — The American Energy Alliance joined with other coalition partners today in a letter to 369 members of the 112th Congress, urging them to oppose an extension of the wind Production Tax Credit (PTC), an outsized incentive that distorts energy markets and negatively impacts electricity reliability. The letter went to senators and representatives from 29 states with renewable mandates that force utility companies to purchase wind energy. The letter also was sent as a courtesy to the Delegate from the District of Columbia, who is a non-voting member of the U.S. House of Representatives.

“Over 75 percent of all active wind generating capacity came on-line in the past five years — a period concurrent with the expansion of state renewable energy mandates — illustrating that the PTC is not the biggest driver of wind installations in your state. Rather, what the PTC does in practice is decrease electricity reliability in your state and cause serious distortions in the market,” the group wrote.

“Reliable, affordable, and ‘always on’ electricity is critical to get our economy back on track. The wind PTC is detrimental to dependable and cost-effective forms of electricity generation. We urge you to allow this wasteful, unsustainable, and counterproductive subsidy to expire at the end of the year.”

States which currently have renewable mandates are: Arizona; California; Colorado; Connecticut; Delaware; Hawaii; Illinois; Iowa; Kansas; Maine; Maryland; Massachusetts; Michigan; Minnesota; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York; North Carolina; Ohio; Oregon; Pennsylvania; Rhode Island; Texas; Washington; Wisconsin; and the District of Columbia.

To read the entire letter, click here.

To read the Dec. 12 coalition letter to Members of Congress representing states that do not have renewable mandates, click here.

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Press Releases

Coalition to 158 Members of Congress: Let the Wind PTC Expire

December 12, 2012 Benjamin Cole Leave a Comment

WASHINGTON D.C. — The American Energy Alliance joined five other free market groups today in sending a letter to 158 members of the 112th Congress, urging them oppose an extension of the wind Production Tax Credit that would transfer taxpayer dollars from their states to other states that mandate renewable energy. AEA President Thomas Pyle signed the letter, along with Myron Ebell of Freedom Action, Michael Needham of Heritage Action, Phil Kerpen of American Commitment, Marlo Lewis of the Competitive Enterprise Institute, and Al Cardenas of the American Conservative Union. The letter went to senators and representatives from 21 states whose taxpayers would be responsible for the $12 billion subsidy price tag that a one-year PTC extension would bring, though their own states do not have renewable mandates that force utility companies to purchase wind energy and thus are unlikely to receive any from the PTC.

“Despite having this generous subsidy for two decades, wind only produces 3 percent of America’s electricity. This corporate dependence on federal subsidies not only harms the taxpayers who finance the PTC, it also creates an improper incentive for wind companies to focus on obtaining lucrative subsidies rather than long-term sustainability and competitiveness,” the group wrote.

“Extending the wind PTC ensures that your constituents will continue to subsidize wind power in other states that have made political decisions to force consumers to buy more expensive and less reliable forms of energy — like wind . . . . By taking a principled stand against the PTC, you help taxpayers in your own state and ensure more cost-effective electricity generation overall. We urge you to allow this wasteful subsidy to expire, as planned, at the end of this year.”

To read the entire letter, click here.

The letter is being sent to the following United States Senators:

Shelby (AL), Sessions (AL), Murkowski (AK), Begich (AK), Pryor (AR), Boozman (AR), Rubio (FL), Nelson (FL), Chambliss (GA), Isakson (GA), Crapo (ID), Risch (ID), Lugar (IN), Coats (IN), McConnell (KY), Paul (KY), Vitter (LA), Landrieu (LA), Cochran (MS), Wicker (MS), Nelson (NE), Johanns (NE), Conrad (ND), Hoeven (ND), Inhofe (OK), Coburn (OK), Graham (SC), DeMint (SC), Johnson (SD), Thune (SD), Alexander (TN), Corker (TN), Hatch (UT), Lee (UT), Sanders (VT), Leahy (VT), Warner (VA), Webb (VA), Rockefeller (WV), Manchin (WV), Enzi (WY), and Barrasso (WY).

The letter is being sent to the following United States Congressmen:

Alabama: Bonner, Roby, Rogers, Aderholt, Brooks, Bachus, and Sewell.
Alaska: Young
Arkansas: Crawford, Griffin, Womack, and Ross.
Florida: Miller, Southerland, Brown, Crenshaw, Nugent, Stearns, Mica, Webster, Bilirakis, Young, Castor, Ross, Buchanan, Mack, Posey, Rooney, Wilson, Ros-Lehtinen, Deutch, Wasserman-Schultz, Diaz-Balart, West, Hastings, Adams, and Rivera.
Georgia: Kingston, Bishop, Westmoreland, Johnson, Lewis, Price, Woodall, A. Scott, Graves, Broun, Gingrey, Barrow, and D. Scott.
Idaho: Labrador and Simpson.
Indiana: Visclosky, Donnelly, Stutzman, Rokita, Burton, Pence, Carson, Bucshon, and Young.
Kentucky: Whitfield, Guthrie, Yarmuth, Rogers, and Chandler.
Louisiana: Scalise, Richmond, Landry, Fleming, Alexander, Cassidy, and Boustany.
Mississippi: Nunnelee, Thompson, Harper, and Palazzo.
Nebraska: Fortenberry, Terry, and Smith.
North Dakota: Berg.
Oklahoma: Sullivan, Boren, Lucas, Cole, and Lankford.
South Carolina: Scott, Wilson, Duncan, Gowdy, Mulvaney, and Clyburn.
South Dakota: Noem.
Tennessee: Roe, Duncan, Flesichmann, DesJarlais, Cooper, Black, Blackburn, Fincher, and Cohen.
Utah: Bishop, Matheson, and Chaffetz.
Vermont: Welch.
Virginia: Wittman, Rigell, Scott, Forbes, Hurt, Goodlatte, Cantor, Moran, Griffith, Wolf, and Connolly.
West Virginia: McKinley, Capito, and Rahall.
Wyoming: Lummis.

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Press Releases

PRO-PTC GROUPS NOT LIKELY TO TELL ALL THE FACTS

December 7, 2012 Johnny Russell Leave a Comment

WASHINGTON D.C. — As lobbyists, big labor unions and advocacy groups ramp up their efforts to push for another extension of the wind production tax credit, including a briefing today on Capitol Hill hosted by the Sierra Club, the BlueGreen Alliance, Oceana, and the United Steel Workers, Thomas Pyle, president of the American Energy Alliance, issued the following statement:

“The last thing Capitol Hill needs is another briefing that doesn’t give all the facts about Big Wind’s failure to grow up after two decades of taxpayer-funded child support. Today offers another example of how Big Labor and Big Wind are working together to protect billion dollar handouts for special interests. If our nation has any hope of averting a fiscal cliff, Washington must stop awarding rent-seekers with huge subsidies we cannot afford.

“Policymakers deserve all the facts about Big Wind’s twenty years of child support. A one year extension of the PTC will cost an additional $12 billion to U.S. taxpayers, and even then it won’t stop a contraction in the industry. State mandates that create a government-induced market for wind energy have already tipped the scale enough. Taxpayers funded wind energy to the tune of $5 billion in 2010, and subsidies for wind increased ten-fold between 2007 and 2010. On a per megawatt basis, Big Wind has been receiving more than $56.00 from taxpayers, more ten times than the total amount shared between coal, oil, natural gas, and nuclear, and yet it still only provides approximately 3 percent of our total electricity generation.

“But Big Wind’s powerful allies aren’t interested in the facts. Nor are they concerned about our nation’s dire fiscal condition. Like all rent-seekers, they’re just interested in getting more free money from Washington.”

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Press Releases

“American Products. American Power.” Bus Tour Brings Message to Washington

November 5, 2012 Johnny Russell Leave a Comment

WASHINGTON D.C. — The American Energy Alliance will conclude its three-month “American Products. American Power.” bus tour today by delivering 14,444 petitions to lawmakers and regulators in Washington. The 18,000 mile, 17 state bus tour connected with thousands of Americans at over 50 events. The message of these concerned citizens is clear: this country needs policies that treat our reliable and affordable energy resources as assets, not liabilities. In a letter sent to the leaders in Washington, AEA President Thomas Pyle had the following to say:

“America is the most energy-rich nation in the world yet for far too long Washington has prohibited the use of our domestic energy resources. Moreover, the American people have been misled about our domestic energy and manufacturing potential thanks to lawmakers and regulators perpetuating the myth of energy scarcity.

Today, energy prices are on the rise and American families are struggling to pay their bills. Our economy is growing at an anemic 2% and job creators are handcuffed by harmful regulations. More than ever, America needs to unlock its vast domestic energy resources to create jobs, to secure the future, and to lead the world…”

The “American Products. American Power.” petition calls for the following policies:

We need to unlock our vast domestic energy resources – and provide Americans with more affordable, more secure, and more reliable energy.

We can create manufacturing jobs and prosperity at home – by demanding that Congress, the EPA and other bureaucracies do not burden industries and consumers with unnecessary costs and regulations.

We should ensure that government rules have measurable benefits – and do not prevent vital American industries from accelerating economic growth and providing U.S.-based jobs.

The letter and petition signatures will be sent to:

President Barack Obama

EPA Administrator Lisa Jackson

Secretary of the Interior Ken Salazar

Secretary of Energy Steven Chu

Senate Majority Leader Harry Reid

Senate Minority Leader Mitch McConnell

Speaker of the House John Boehner

House Majority Leader Eric Cantor

House Minority Leader Nancy Pelosi

To read the full letter, click here.

Press Releases

AEA Study: Removing Big Wind’s ‘Training Wheels’

October 31, 2012 Benjamin Cole 6 Comments

New Study Finds Federal Wind Production Tax Credit (PTC) No Longer Needed to Drive Wind Generation Development
Mature Wind Industry Can Compete On Its Own; Taxpayer-funded Welfare-For-Wind Must End

WASHINGTON D.C. – A new report released today by the American Energy Alliance (AEA) concludes that wind energy is a mature industry whose growth has rendered the federal wind Production Tax Credit (PTC) an obsolete government hand-out that should be allowed to expire.

The AEA-commissioned study, “Removing Big Wind’s Training Wheels: The Case for Ending the Federal Production Tax Credit,” documents the explosive growth of wind generation as well as the favorable outlook for future wind generation development as a result of Renewable Portfolio Standards (RPS) – not the PTC. Conducted by David Dismukes, associate director and professor at the Louisiana State University Center for Energy Studies, the study finds that wind generation now comprises 50,000 megawatts (MW) of electricity capacity in the United States — a five-fold increase since 2006 — and will continue to grow even without the renewal of the PTC. The PTC therefore only serves to tip the scale in favor of a well-established industry, giving wind an politically-determined advantage over other types of generation.

Background

The PTC was first enacted in 1992 and currently provides wind producers a subsidy of $22 per megawatt-hour (MWh) of energy generated. It has been extended seven times and is scheduled to expire under current law on December 31, 2012. Congress is now debating another extension of the credit. The Joint Committee on Taxation estimates that a one-year extension would cost taxpayers $12.1 billion.

“When you strip away all the rhetoric, the real issue is that wind is a mature industry whose growth is being fueled by aggressive RPS standards and is no longer in need of training wheels,” said Dr. Dismukes. “The PTC is a costly and inefficient subsidy that is clearly no longer necessary.”

“The government needs to stop caving to powerful wind lobbyists and establishing policies that pick winners and losers in the energy marketplace. The wind PTC has run its course, and taxpayers must no longer be forced to subsidize a well-established wind industry that offers no substantive proposal for a phase-out of decades-old energy welfare,” said AEA President Thomas Pyle.

Findings

The Dismukes study finds that widespread adoption of state RPS mandates established a substantial guaranteed market for wind; one that did not exist when the PTC was enacted in 1992. Although a few states adopted RPS policies as early as the mid to late 1990s, most states enacted them between 2004 and 2007, which is when a substantial increase in wind energy capacity development occurred, as documented in the report. To date, wind generation accounts for 90% of all new renewable resources developed under these non-federal programs.

Additionally, RPS requirements are expected to grow from about 50,000 MW in 2010 to almost 200,000 MW by 2030, according to the report. If wind maintains the same 90% market share it holds in today’s renewable energy generation mix, merely fulfilling future RPS requirements guarantees wind producers a market for almost 130 GW of additional capacity through 2030. As such, even post-federal PTC expiration, the outlook for future wind generation development continues to be exceptionally favorable.

The report also highlights forecasts from the U.S. Energy Information Administration which find that even if the PTC and other incentives are eliminated, renewable generation will still be on track to rise from 500 billion kilowatt hours in 2011 to approximately 750 billion kilowatt hours by 2035, amounting to a 50% increase in wind generation.

Additional key findings include:

Standards & Poor’s recently estimated as much as $150 billion in new renewable energy investment opportunities over the next 10 years even if the PTC is not renewed, driven in large part by opportunities in wind energy development. Thus, offering billions of dollars in federal tax subsidies to wind generation, in addition to mandated state renewable subsidies, allows wind generators to “double dip,” and reflects a gross waste of limited fiscal resources.

Over 50% of wind capacity is located in only five states; over 75% is located in just 11 states. The federal PTC, however, unfairly shifts wind energy development costs from taxpayers in the RPS states to those with little or no wind development, forcing taxpayers across the country to support an industry concentrated in only a few states. In fact, under the PTC, taxpayers in the states without RPS mandates pay approximately 24% of the PTC funding, even though they receive no direct benefit.

The “one-size-fits-all” PTC is an inefficient and expensive means of supporting wind generation that fails to recognize the industry’s heterogeneity and operational differences, and grossly wastes limited fiscal resources by over-subsidizing many projects and driving over-development.

To download a copy of the full report, click here.

About The American Energy Alliance

Founded in May, 2008, The American Energy Alliance (AEA) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies. AEA believes that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society. AEA believes that government policies should be predictable, simple and technology neutral.

Press Releases

PREBUTTAL: AEA FACT CHECKS 3RD PRESIDENTIAL DEBATE

October 22, 2012 Johnny Russell Leave a Comment

WASHINGTON D.C. — The American Energy Alliance released today its first-ever prebuttal of a presidential debate, complete with analysis to arm American viewers with the facts necessary to sort through the rhetoric of tonight’s exchange between President Barack Obama and Governor Mitt Romney. Tonight’s debate — which focuses on foreign policy — is scheduled for 9PM EST, and will take place in Boca Raton, FL. Legendary CBS correspondent Bob Schieffer will moderate this third, and final presidential debate of the 2012 cycle.

Prebuttal Debate Facts:

Under Vladimir Putin, Russia is increasing its oil production to record levels due, in large part, to that country’s aggressive use of multi-zone hydraulic fracturing technologies to boost recovery rates in mature oil fields in Western Siberia. While Russian oil companies are using hydraulic fracturing to increase oil production, the United States — which pioneered the technological breakthroughs that led to this practice — is looking to lower oil and gas production and increase costs through new regulations on hydraulic fracturing. Click here to read more.

The United States imported an average of 869 thousand barrels of oil per day from Venezuela during the first 6 months of this year. Venezuela currently ranks fourth as supplier of U.S. oil imports. Revenues from Venezuelan exports are widely credited for Hugo Chavez’s recent re-election and low energy prices in that country. Meanwhile, President Obama has denied the Keystone XL pipeline, which could bring as much as 830 thousand barrels of oil to U.S. refineries along the Gulf Coast that currently service Venezuelan crude brought by tanker. Is America’s national interest better served by increased trade with Venezuela or Canada? Click here to read more.

The United States increased its dependence on oil imports from the Persian Gulf during the first five months of this year. In that time, U.S oil imports from the Persian Gulf increased by 33 percent compared with the same period in 2011. Oil imports from Saudi Arabia increased by 29 percent. The Persian Gulf’s share of U.S. oil imports is up 6 percentage points — from 15 percent for the first 5 months of last year to 21 percent for the first 5 months of this year. The U.S. could be almost independent of overseas oil within 15 years if positive steps were taken to utilize North American energy resources. Click here to read more.

As a way to reduce greenhouse gas (GHG) emissions at lower cost, the creators of the Kyoto Protocol devised the Clean Development Mechanism (CDM), which allows net GHG emissions to be reduced at a lower global cost by financing emissions reduction projects in developing countries. China has been the major beneficiary of the program, having received funding for projects that represent almost 64 percent of the registered Certified Emissions Reductions, totaling 619,078,094 metric tons of carbon dioxide annually. These CDM projects will help China towards its goal of producing 15 percent of its energy from “clean energy” by 2020. However, the CDM designers are not getting the reductions they have paid for because many of China’s wind units are not connected to the electricity grid. Click here to read more.

Coal consumption in the United States is contracting rapidly while growing as the fuel of choice in the global economy. The decline in U.S. coal consumption is offset by a large increase in Asia’s coal consumption, which accounted for all the net growth in 2011. China’s coal consumption grew 9.7 percent between 2010 and 2011, and India’s coal consumption increased 9.2 percent. China consumed 49 percent of the world’s coal supply in 2011. Coal has been used in the United States since 1850 and has been the work horse of the electric power sector for decades, generating about half of our nation’s electricity. But onerous regulations are harming the coal industry and shuttering coal-fired power plants across the country. Click here to read more.

Canadian production of oil sands in northern Alberta is expected to reach 4.1 million barrels a day by 2020, up from last year’s production level of 1.6 million barrels per day. The Canadian government understands that the regulatory review process is too convoluted, too long, and too expensive. Canada’s provincial governments, led by Alberta in the 1990s, cut taxes, slimmed government, and created a stable investment climate in order to encourage energy development. The United States is headed in the opposite direction. Click here to read more.

A key ingredient for windmills and battery-powered cars is rare earth elements. Currently, 97 percent of these essential resources are supplied by the Chinese. Two rare earths, dysprosium and neodymium, are needed for the generators and motors of electric vehicles and wind turbines. They have configurations of electrons orbiting their nuclei that result in very powerful magnetic properties, but the U.S. does not mine rare earth minerals despite having large deposits. Environmental regulations closed down the last rare of the United States’ rare earth mines. By 1999, 90 percent of rare earth elements needed by U.S. industry came from Chinese sources. Policy decisions in Washington that promote the use of these “green energy” sources without opening up domestic sources of rare earths necessary to make them only serve to make the U.S. more dependent on China. Click here to read more.

To read AEA’s 2012 Candidate Comparison Chart, click here.

Press Releases

“Stop Obama’s War” Radio Spots Begin in Ohio, Virginia

October 17, 2012 Benjamin Cole Leave a Comment

WASHINGTON D.C. — The American Energy Alliance (AEA) began airing today two radio spots in Ohio and Virginia to expose President Obama’s ‘war on coal’ and to encourage residents to “vote no” on the administration’s war against American energy and jobs. The ads will run more than 8600 times between Oct. 17 and Nov. 6. Additionally, AEA has placed online banner advertisements with CNN.com, FOXNews.com, DrudgeReport.com, RealClearPolitics.com, and the websites of various Ohio and Virginia news organizations.

“The president and his Washington cronies have declared war on affordable energy and American jobs,” the ad states. “And to make matters worse, in a time when jobs are few and wages are falling, Obama and his EPA are eliminating good jobs in Ohio/Virginia.”

“The cost of energy is increasing. Jobs are being cut. We simply cannot afford four more years of destructive energy policies. Washington needs to stop making it harder for Ohio/Virginia families. Vote NO on President Obama’s war against American energy and jobs.”

Last week, AEA announced a 30-second television ad which is currently running in both Ohio and Virginia markets.

To listen to the Ohio “Stop Obama’s War” radio advertisement, click here.
To listen to the Virginia “Stop Obama’s War” radio advertisement, click here.

To read the Ohio ad fact sheet, click here.
To read the Virginia ad fact sheet, click here.

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Press Releases

AEA Takes “Stand with Coal’ Effort to the Airwaves

October 12, 2012 Benjamin Cole 1 Comment

WASHINGTON D.C. — The American Energy Alliance released today a 30 second advertisement that will air in Ohio and Virginia markets, starting Oct. 13 and running through Oct. 26. The “Stand With Coal” ad features video footage of President Barack Obama pledging to make “electricity rates skyrocket” and “bankrupt” the coal industry. Vice President Biden is also featured in the ad, claiming that the Obama administration’s energy policy is “the best it’s ever been.”

The ad, which will run primarily in coal country, is the latest phase in AEA’s year long, multi-million dollar effort to educate the American people about the Obama administration’s failed energy record. In April, AEA’s “Nine Dollar Gas” ad aired across the country on cable and TV, in addition to garnering more than 1.7 million views on YouTube. Similarly, AEA will run the “Stand with Coal” spot online.

“The Obama administration has been trying to kill affordable energy from day one, and the American Energy Alliance is committed to fighting back in the war on coal. Coal is America’s most plentiful energy resource, and it provides the largest share of our nation’s electricity needs. AEA stands with coal, and we are mobilizing grassroots activists to support this vital industry that powers our economy and supports jobs in some of our nation’s hardest hit areas,” AEA President Thomas Pyle said.

To view the “Stand With Coal” ad, click here.

To read the hard facts about American coal, click here.

To read the North American Energy Inventory, which gives in depth analysis of U.S. coal reserves, click here.

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Press Releases

WHICH CANDIDATE WILL LEAD ON ENERGY?

October 11, 2012 Benjamin Cole 2 Comments

WASHINGTON D.C. — The American Energy Alliance released today a candidate comparison infographic, assessing the energy record and policy proposals of President Barack Obama and Governor Mitt Romney. Covering oil, natural gas, coal, renewables, transportation, regulation and personnel, the comparison chart offers a side-by-side assessment of the candidates as the American people consider the future of U.S. energy policies.

AEA President Thomas Pyle released the following statement with the comparison chart:

“Energy policy has captured the attention of the American people unlike any other time in our nation’s quadrennial exercise in self-government. This election year, perhaps even more than 1980, offers voters a clear contrast on energy policy between the two candidates. Will America’s energy future be marked by taxpayer-funded subsidies, more government mandates, onerous regulations, bailouts and bankruptcies? Will Washington force the American people to buy expensive, unreliable and intermittent energy sources? Or will our future involve greater energy security, more jobs, more domestic production, and more affordable fuel sources?

“The American Energy Alliance sees a clear path forward that builds upon private-sector successes in harnessing American-made energy and creating good-paying jobs. We cannot have four more years of the policy failures that have led to skyrocketing electricity rates, record high gasoline and home heating oil prices, and billions of wasted taxpayer dollars to prop up uneconomic renewable industries that don’t exist without government life support. It’s time to pull the plug on broken energy policies, and chart a new course that relies on American power and American products.

“Regardless of who wins, the American Energy Alliance will continue our fight for affordable, reliable, domestic sources of energy.”

To view the American Energy Alliance’s “Obama-Romney Energy Comparison Chart,” click here.

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News Press Releases

Four Years Later: Is Energy Better Off?

October 11, 2012 Benjamin Cole Leave a Comment

WASHINGTON D.C. — The American Energy Alliance released today a comparison chart answering the basic question in many American’s minds: Are we better off today than we were four years ago? With an exclusive focus on energy markets, regulations, and the economic impact of energy policies, the American Energy Alliance answered this question by looking at trends in energy regulations, energy costs, and taxpayer-funded energy subsidies over the past several years.

“Using the most cautious estimates, the facts are still clear. Four years of policies aimed at crippling domestic energy production for affordable sources like coal, oil, and natural gas have yielded higher electricity costs, more pain at the pump, and more federal regulations that drive up the price of energy. Meanwhile, taxpayers have been put on the hook for an explosive growth in renewable subsidies to fund Solyndra-style ventures, a disturbing number of which are closely tied to President Obama’s political and fundraising efforts,” AEA Director of Communications Benjamin Cole noted.

“Unemployment has grown by 43 percent in the last four years — from 5.8 to 8.3 percent this month. Meanwhile, per capital GDP has dropped by more than $1000, which means that Americans are spending a larger share of their income to keep the lights on, heat their homes, and commute to work. Gasoline prices have more than doubled since President Obama took office, and household energy expenses have jumped by 31 percent. The federal government is leasing less land for energy production, generating less revenue for U.S. taxpayers, and dispensing as much as 1000 percent more for renewable subsidies to bankroll intermittent, unreliable, and uneconomic sources.”

Some basic facts from AEA’s analysis of energy policies under President Obama:

Taxpayer-funded biomass and biofuel energy subsidies have increased by 1731 percent — from $61 million to $1.1 billion
Taxpayer-funded wind energy subsidies have increased by 947 percent — from $476 million to $4.98 billion.
Taxpayer-funded solar energy subsidies have increased by 534 percent — from $179 million to $1.13 billion.
The total cost of regulations have increased 49 percent — from $1.17 trillion to $1.75 trillion.
The number of EPA regulations costing $100 million or more increased 40 percent — from 20 to 28.
Total federal acreage under lease has decreased by 11 percent — from 47.24 million to 38.46 million.
Total revenue from offshore lease sales has decreased by 100 percent (or 258 times lower) — from $9.48 billion to $36.75 million.
The approval time from permit to drill on federal lands has increased 45 percent — from 212 days to 307 days.
Total approved drilling permits on federal land has decreased 36 percent — from 6,617 to 4,244.

To download a hi-resolution version of the chart, click here.

To access the source material for the chart, click here.

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Press ReleasesCoalition to 369 Members of Congress: Let the Wind PTC Expire

Press Releases
Coalition to 369 Members of Congress: Let the Wind PTC Expire