By Institute for Energy Research ——Bio and Archives--September 20, 2011
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"After looking at the President's relentless attacks on domestic energy production, it's easy to see why the economy continues to struggle. The path to economic growth will not be found by increasing discriminatory taxes on oil and gas companies while wasting billions on failing companies like Solyndra, but that's the President's plan. The President's plan will increase the cost of energy and increase taxes, but decrease economic growth. It is a plan that will impoverish most Americans while enriching politically connected companies. We can ill afford more failed stimulus plans, especially when the plan is to increase the price of energy. Energy is vital to the economy, but the President's plan to increase the cost of energy will continue to slow a potential economic growth."
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The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.