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Access to abundant, affordable energy is a key factor in economic growth, whether supplying the manufacturing plants of the 20th century or the server farms of the 21st century. Unfortunately, the federal government has placed unreasonable restrictions on domestic exploration and development, and  foreign sources are sometimes actually hostile to our own interests.

New discoveries and innovative technologies have made possible the extraction of enormous new energy resources within the United States. The U.S. possesses not only enormous natural energy resources but also the technology to extract those resources in a responsible manner.

IPI believes that the United States should become as energy self-sufficient as possible, drawing upon a diverse energy base comprised of all possible energy resources. We believe that free people operating within a free economy using voluntary risk capital will out-innovate government-directed central planning funded by taxpayer dollars. The key to energy innovation is abundant capital, a tax system that rewards rather than punishes success, an intellectual property system that allows innovators to own the fruits of their research, and a regulatory environment that balances the needs of our economy with the protection of the environment.

June 4, 2017

EDITORIAL: Finding Hope After Trump's Climate Retreat


IPI expert referenced: Merrill Matthews

This weekend the Trib has devoted a generous amount of ink and paper to differing views on President Trump’s decision to withdraw from the 2015 Paris climate accord. Those opinions range widely, from Washington Post journalist Ben Adler’s concern for both environment and economy, increasingly dependent on renewable energy and green initiatives, to conservative Texas scholar Merrill Matthews’ fears that the accord made too many demands of developed nations for environmental change, which he suggests (and with strong evidence) is already being positively affected by free-market forces. 

May 24, 2017

Senate Deserves Right of Refusal on Paris Agreement


The decision on whether to remain in the Paris Agreement should lie with the Senate, which is empowered by the Constitution to ratify treaties.

May 23, 2017

Texas Leaders Are Failing to Pursue Conservative Principles, And The Thwarted Sale of Oncor Is A Perfect Example


In yet another legislative cycle, Texas voters have sent a substantial cadre of conservative legislators to Austin, and yet again, anything resembling a free-market agenda has barely budged.

May 23, 2017

Ford's CEO--Another Casualty to Obama's Green Dreams


Ford's CEO is out, in part because President Obama's unrealistic CAFE standards force car manufacturers to build small, fuel-efficient cars that very few people want.

May 10, 2017

Renewable Fuel Standard Should Be 'Fired' By Trump


While it might have seemed reasonable in the 1970s to transition to ethanol, advances in drilling and environmental assessments have disclosed numerous problems. Maybe President Trump will, like a number of other policies, reconsider the economics and the science and say to the ethanol industry: You’re fired.

May 5, 2017

Federal Oil and Gas Leases Could Boost Government Revenue


President Trump recently proposed opening up more federal land and offshore for oil and natural gas exploration. That’s good news.

April 25, 2017

Speeches That Weren't Made During the March for Science


Lots of speeches were given during the March for Science. Here are some important issues that likely weren't discussed.

April 17, 2017

Raising Taxes Won't Stop Climate Change, But Will Slow Economic Growth


The country needs policies that help it become more competitive, not less so. Lowering the tax burden, not raising it with a carbon tax, is the best way to achieve that goal.

April 11, 2017

Republicans Who Believe in 'Tax Gain Without the Pain'


Some Republicans have now decided that there is no downside to certain tax increases.

March 29, 2017

Trump Order Dismantles Climate Rules


IPI expert referenced: Merrill Matthews

President Donald Trump on Tuesday signed an executive order that may slow the closure of some US coal-fired power plants and will begin a lengthy process of rescinding much of former President Barack Obama's climate change policies.

 

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