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.
If renewable energy firms hope to gain equal footing with oil and natural gas producers, they'll need to learn how to survive economic downturns without the government coming to the rescue.
The U.S. energy industry won’t recover overnight, but the Saudi-Russian deal, brokered by Trump, may mean we will still have an energy industry to revive.
Carbon capture is a reasonable, bipartisan climate plan that both recognizes fossil fuels’ importance for economic growth and national security, while actually reducing atmospheric carbon levels.
The U.S. Department of Energy approved four liquefied natural gas export projects for construction on the Texas Gulf coast in February.
The United States is on the verge of reaching energy independence, a goal that Congress has sought for more than four decades, according to a new paper from the Institute for Policy Innovation.
Today, the United States is on the verge of achieving not just energy independence, but energy dominance—but not because of taxpayer-provided subsidies to alternative and renewable energies. Rather, new drilling innovations and technologies have made the U.S. the world’s largest producer of crude oil and natural gas.
U.S. emissions reductions rarely make headlines. But that doesn't change the fact that natural gas is helping clean up our environment.
Democratic presidential candidates fly to campaign stops in private jets to scold the rest of us about our carbon footprint.
To stay in business, car manufacturers have to please consumers—not the government. And consumers still want gas-powered cars.
Who could imagine 10 years ago that the Middle East could be in chaos and it would have virtually no impact on gasoline prices? Welcome to the age of fracking.