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Fracking’s Overlooked Local Benefits

The economy-wide, macro-scale benefits of hydraulic fracturing have been well-documented and are indeed palpable in our everyday experiences in the form of noticeably more affordable energy. With the influx of shale oil on the market, for example, we’re seeing lower gasoline prices this summer than we have in over a decade. The national average is […]

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Obama’s Rough Week in Court

This week has been a bad week for President Obama’s policies in the courts. The Supreme Court handed a defeat to President Obama over his immigration plan and a district court struck down his administration’s unlawful attempt for the Bureau of Land Management to regulate hydraulic fracturing. The court’s hydraulic fracturing opinion was straightforward and […]

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Game Changer: The Federal Land Freedom Act

Thanks to developments in hydraulic fracturing and horizontal drilling, America is experiencing a modern energy renaissance. Oil production is at its highest levels in nearly twenty years, and natural gas continues to surge at a near-record pace. America currently produces more petroleum and natural gas than any other nation. Unsurprisingly, the vast majority of this […]

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Energy Solutions Come from the Market – Not from Mandates

Last week, AEA Economist Travis Fisher wrote a Letter to the Editor in The Charlotte Observer regarding North Carolina’s renewable energy mandate. Fisher’s letter outlines the importance of freezing an energy mandate that has proven to be costly for North Carolinians. Below is an excerpt from the piece: Renewable energy advocates claim a bill to freeze North […]

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Cuomo Forecloses on New York’s Economic Future

New York Governor Andrew Cuomo announced Wednesday that his administration will uphold its moratorium on hydraulic fracturing. The decision ends years of stalling and speculation as to whether the governor would allow New Yorkers to enjoy the benefits of affordable energy. By banning hydraulic fracturing, Cuomo is squandering an opportunity for New York to join […]

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Hydraulic Fracturing is Bankrupting OPEC

The Energy Information Administration (EIA) is out with new numbers measuring the geopolitical impact of America’s domestic energy boom. As the following chart shows, revenues from net oil exports for the Organization of Petroleum Exporting Countries (OPEC) are expected to decline by 14 percent in 2014 and 46 percent next year compared to 2013 levels. […]

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Let the Golden Age of Oil Continue

“No one would have predicted it. To the contrary, experts predicted the opposite. In 2008, the International Energy Agency was projecting U.S. production would decline or remain flat for decades. Prior to the recession, the price of oil peaked at nearly $150 a barrel, and with global demand rising, it looked like it would remain […]

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Hydraulic Fracturing is Saving You at the Pump

A recent study conducted by the American Petroleum Institute (API) showed Americans are saving nearly a dollar per gallon when they fill up for gas because of the innovative horizontal drilling and hydraulic fracturing techniques that gave us access to significantly more domestic oil and natural gas reserves. This development has gas prices as low […]

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