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“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 […]
Lately an argument has broken out over the Renewable Fuel Standard (RFS) and whether it drives up gasoline prices. The recent controversy was sparked by a WSJ article discussing the shocking fact that Renewable Identification Number (RIN) credits—which are one way of complying with the federal standard—had shot up in prices from about 7 cents […]
A recent WSJ article explained how the ethanol mandate is leading to a “blend wall” that paradoxically leads U.S. refiners to export their gasoline, raising pump prices at home. This is just another fantastic example of government policies having unintended consequences. Before looking at just how serious the problem is, let’s set the context by […]
The people at IER sure do good work. They’re pretty good looking, too. Join them and Neil Cavuto in Houston on May 9, 2013. This should be obvious, but there is a strong correlation between per capita energy use and life expectancy. Roger Pielke Jr. (2/14/13) reports: “The graph above shows energy use (expressed as kilograms of […]
The EPA is planning to tighten its gasoline regulations from Tier 2 to Tier 3 standards, which would reduce permissible sulfur content from the current 30 parts per million (ppm) down to 10 ppm. (I have written a full overview of the economic issues surrounding Tier 2 and Tier 3 in this earlier IER […]
An August analysis from Capital Alpha explores Rep. Jim McDermott’s carbon tax bill introduced late in the summer. The proposal calls for an initial $25 per ton tax on carbon, which quickly escalates to a capped fine of $525 (!) per ton by the year 2024. The Capital Alpha report is fairly evenhanded and speaks […]
It really is quite simple. More energy = more jobs. Doubling down on the automobile mandate does make sense, if you are in favor of more deaths on the highway, a $3000 increase in the average price of a car, pricing millions out of the new car market, and limiting consumer choice. White House (10/8/12) reports: […]
The incredible people we’ve met out on the American Products American Power bus tour know that you’re not a hero for calling the doctor after deliberately breaking someone’s legs. But that’s what the Obama Administration effectively did by driving a refinery out of business with regulations and then calling in a rescue operation. As […]
The American Products American Power bus tour was right at home this past weekend at the Richmond International Raceway for NASCAR. Thousands of fans flocked to the bus to sign the petition and to join the thousands of other Americans from all across the country fighting for sensible energy policies. As the current administration […]
CLICK HERE to tell the EPA to waive the ethanol mandates and relieve pressure on our nation’s food supply, fuel prices, and vehicle fleet. No doubt feeling the heat from record corn prices, defenders of the ethanol mandate are now claiming that ethanol is actually something that the market would embrace, without government intervention. If […]