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On top of federal support for renewable energy, a number of states have implemented Renewable Portfolio Standards (RPS), which require utilities to purchase a certain portion of their electricity from renewable sources. In North Carolina, a push to freeze the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS) at 6 percent of retail sales […]
The new report from Joseph Mason, “Beyond the Congressional Budget Office,” explores the various ways that the CBO’s recent estimates vastly understate the economic activity and tax receipts that would be generated if the federal government merely got out of the way of the development of domestic oil and gas resources. In the present […]
During the debate to retain the wind Production Tax Credit (PTC) last year, wind advocates offered a variety of spurious claims in an intense lobbying effort to keep the favorable tax treatment. In one case, the American Wind Energy Association (AWEA) warned that new wind installations would decline precipitously if Congress allowed the PTC […]
Vice President Gore won his Nobel Prize for his “work” on climate change. But you know, the market doesn’t really care about that. They only care that he keeps backing losers. The Street(10/4/12) reports: “Three years ago, First Solar seemed on its way: Interest in solar was at an all-time-high — as were subsidies for making, […]
Can you imagine a prosperous America that utilizes its domestic energy resources to fuel a dynamic economy, jobs and technological innovation? President Obama doesn’t appear to imagine a future of plentiful energy resources. Instead, the President perpetuates the myth that America is strapped for energy with only 2% of the world’s proven oil reserves […]
A new study put out by the Western States Petroleum Association concludes that California’s statewide cap-and-trade plan, known as AB32, would raise gasoline prices and shut down refineries. The study, performed by the Boston Consulting Group, affirms basic economics by realizing that government regulations will raise the cost of business and necessarily impact retail […]
Click here to Take Action and write your Congressman. America is blessed with abundant and affordable energy resources, and we need to increase energy production to grow our economy and create more jobs. Unnecessary red tape, inefficient permitting processes and lack of access to federal lands have made American energy production more expensive for […]
Hastings Jumpstarts Debate On American Energy Production with Three New Measures WASHINGTON– This morning, Representative Doc Hastings, chairman of the House Natural Resources Committee, announced three new proposals to increase America’s energy production, create well-paying, long-term jobs, and decrease our reliance on foreign state-owned oil companies. In response, Thomas Pyle, president of the American Energy […]