Last year, the Obama administration imposed a drilling moratorium in the Gulf of Mexico. This shut down all drilling and froze all permits to drill new, deep-water wells. After six months, the moratorium was lifted, but nothing changed. It was only after the loss of tens of thousands of jobs and skyrocketing gas prices did the Obama administration began approving a handful of permits. This lack of new energy exploration is devastating our energy industry and is impacting the entire U.S. economy. We teamed up with the Heritage Foundation in order to give a voice to those affected by the Obama Administration’s war on affordable energy.
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.
