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.
Putting the 'Rights' in Mineral Rights
About Those Tax Breaks for Big Oil...
A bill sponsored by Rep. Chris Van Hollen has inadvertently called attention to the fact that those "special tax breaks" just for the oil and gas industry don't exist. Mr. Van Hollen proposes to create some very special punishments instead. Regardless of the bill's fortunes on Capitol Hill, it has already performed a public service by illuminating the fallacy behind assaults on the industry.
George P. isn't sounding like a land commissioner candidate
America needs a new energy policy, tax structure and education system, George P. Bush of Fort Worth told a luncheon audience Friday. But does that really sound like somebody running for Texas land commissioner?
President Price Hike
Unlike typical government meddling in prices, President Obama’s policies always seem designed to make prices higher.
Putting the Truth-o-Meter On Obama's State of the Union Energy Claims
Did President Obama somehow become the most pro-energy president in decades? You could be forgiven if that was your take-away from his comments on energy policy in his State of the Union speech. But applying the Truth-o-Meter to several of his claims reveals a very different administration than the one on display during Obama’s speech.
The President's Energy Policy Hypocrisy
President Obama can rightfully be accused of many things -- but not a rigid adherence to consistency. As he inaccurately rails against the oil and natural gas industry's "unfair" tax breaks, he's doling out billions to that industry's competitors.
The 'Peak Oil' Argument Has Finally Peaked as States Embrace the Energy Revolution
There is a real energy revolution in the U.S., which means the interest in “peak oil” predictions is, thankfully, on the wane.
Steve Forbes: The Two Big (And Easy) Revenue Sources That Obama Is Ignoring
President Obama’s claim that higher taxes are necessary for more revenue is a sham. He has refused to use two easy ways to get more money–big money.
Don't ban natural-gas exports
Trade restrictions are almost always a bad idea. In the case of natural-gas exports, they would be particularly foolish and economically disastrous.
Smart Energy Policy Would Make Obama Look Like an Economic Genius
If Obama wants more federal revenue, he can have it without raising taxes. Just relax the restrictions on drilling on federal lands and offshore and let natural gas companies export abroad.
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