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.
Some Republicans now think imposing taxes to change consumer behavior and then rebating the money to minimize the impact is a good idea.
It looks like the decade-old U.S. shale oil boom may keep us out of war.
Ethanol has become the epitome of the Washington "swamp." Blending corn-based ethanol into our gasoline no longer improves national security, and environmentalists increasingly agree it’s not environmentally friendly.
Chinese climate scientists predict a period of global cooling in the future, which will surely heat up the climate change debate.
President Trump presumably wants to help the steel industry prosper. To do that, his administration needs to find an acceptable tariff exit strategy as quickly as possible.
Democratic presidential frontrunner Joe Biden hopes to pay for his version of the Green New Deal by eliminating the subsidies and tax breaks given to the fossil fuel producing industry, and he’s not alone.
Toyota stock may struggle in the near future as the company decides to dramatically crank up its electric vehicle production.
In an effort to improve the science used by regulatory agencies, the Trump administration has made, and is still making, adjustments in the way the Environmental Protection Agency (EPA) and other agencies approach climate change and make the predictions that drive climate policies. Not everyone is pleased, to put it mildly.
The Iranian government is rattling sabers once again. In years past those tensions would have sent world oil markets into a panic. Not so this time around.
President Trump is making changes in how the EPA deals with climate change because the climate change models are not very reliable—just like some environmental reporters.