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Earlier this week, an article in The Guardian by John Abraham on fossil fuel subsidies piqued our interest and we granted it a coveted spot in our daily news roundup, In the Pipeline: But I think it deserves a bit more attention. As the above excerpt indicates, Abraham’s article is a paean to a study […]
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 […]
Wired science reporter Nick Stockton recently wrote an article praising John Kerry for his leadership on the Paris climate agreement. Stockton begins his article with a rather dramatic take on the Secretary of State’s role: The Secretary of State is the frontal lobe of US foreign policy—managing the country’s diplomatic nervous system and its relationships […]
Last week, the House Science Committee Environment Subcommittee held a hearing regarding the Environmental Protection Agency’s new methane regulations. The hearing highlighted the dangers of these regulations and the Administration’s continuing attacks on domestic natural gas and oil production. The EPA finalized new source performance standards for methane emissions earlier this spring. Unsurprisingly, the rule […]
A recent Utility Dive article examines how the wind industry might cope without the wind Production Tax Credit (PTC), which is designated to expire in five years. The wind PTC is a subsidy that pays wind producers a significant sum just for producing wind energy. The Institute for Energy Research (IER) has outlined the ill […]
Today, millions of people around the world are celebrating Earth Day. Since its inception in 1970, Earth Day, and the environmental movement in general, has been plagued by incorrect predictions and factually wrong claims. Earth Day’s Legacy of Inaccuracy In their 1970 Earth Day edition, Life Magazine stated, “Scientists have solid experimental and theoretical evidence […]
America is in the midst of an energy revolution. While coal use has fallen, natural gas and oil production have increased dramatically over the last four years. Conversely, despite massive amounts of subsidies, mandates, and media hype, renewable energy production has hardly budged. Glowing words for renewable energy investment shouldn’t outshine the real story about […]
From the federal Renewable Fuel Standard to state-level Renewable Portfolio Standards, mandating energy sources is destructive. A recent effort in the Oklahoma legislature, which would have required three-quarters of the state’s electricity to be generated from natural gas by 2020, demonstrates that the danger of these mandates is not limited to just wind and solar. […]
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 […]
This week, the Pittsburgh Tribune-Review wrote an editorial showcasing IER’s recent study on the true cost of electricity to help illustrate the exorbitant costs of Obama’s carbon plan. Below is an excerpt from the piece: Using federal data reported by electricity generators, the study found one megawatt-hour of electricity from existing nuclear plants costs an average […]