WhatFinger

Institute for Energy Research

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.

Most Recent Articles by Institute for Energy Research:

Speculators and the Gas Price Blame Game

John Stossel recently wrote an intriguing op-ed about the perception that speculators are the cause of the spike in oil prices. Indeed, the sentiment is widespread among the populace--a new CNN/Opinion Research Corporation survey that came out last week indicated that 59 percent of respondents said oil speculators deserved a "great deal" of blame for gas prices, with an additional 31 percent believing that they deserved "some blame."
- Tuesday, May 17, 2011

Democrats Take Aim at Tax Deductions for “Big Oil”

On Wednesday the Senate is expected to hold a vote on a bill that some Senators claim would raise an additional $20 billion over ten years by removing tax deductions for the five largest private oil companies.
- Tuesday, May 17, 2011

Technically Recoverable Shale Gas Resources Jump 134 Percent

The Energy Information Administration's estimates of technically recoverable shale gas resources have jumped 134 percent in one year. In the Annual Energy Outlook 2010, technically recoverable shale gas resources were estimated to be 368 trillion cubic feet. In the Annual Energy Outlook 2011, the estimate shot up to 862 trillion cubic feet. The increase in shale gas brings total U.S. recoverable natural gas resources to 2,629 trillion cubic feet. This is a welcome change because as little as 10 years ago, analysts and politicians said that the United States could not drill its way out of a natural gas shortage. [ii]But, with new technology and investment, we did just that.
- Tuesday, May 17, 2011

Solar Power: Two Worlds

Two headlines in this week’s press underscore the two worlds of solar power—one economical/commercial and the other uneconomical/government-dependent.
- Friday, May 13, 2011

Getting a Lot of Mileage From Taxing Drivers

Beleaguered drivers who think electric cars are the solution to high prices at the pump may have been shocked to learn that the Obama Administration is developing strategies for wringing more tax dollars out of them. On May 5 details were leaked of a "VMT" (vehicle miles traveled) tax. The government doesn't want to give motorists the ability to escape the hefty taxes already imposed on gasoline.
- Tuesday, May 10, 2011

The Wind Experience

According to the Global Wind Energy Council, the world now has 197 gigawatts of installed wind capacity with the largest amount in China (45 gigawatts), followed by the United States (40 gigawatts). Europe, led by Germany (27 gigawatts), has the largest regional share of the total, 44 percent, followed by Asia with 31 percent. But the issue of much of this capacity is useable and benefiting the electricity grid and jobs is another question entirely. European countries have found that subsidies, set asides, and special treatment for renewables cost the country job losses in other sectors. Denmark, a country that generates 20 percent of its electricity demand from wind, can only use half that amount and must export the remainder to Norway and Sweden whose hydroelectric power can serve as a storage device. In the United Kingdom, wind farms were paid 900,000 pounds to disconnect their units for one night because the electricity was not needed. In China, the wind expansion was so great that many wind units were sitting idle because they were not connected to the grid. Add to that, noise pollution, property devaluation, frozen turbine blades, bird kills, and the cost of revamping the electric grid starts to make one wonder whether wind power was the correct course of action and what its future entails.
- Tuesday, May 10, 2011

Are Energy Prices Too Low?

"Electricity prices in America are low," stated Richard Caperton of the Center for American Progress. What he really means is that electricity prices are too low for our own good and need to be further taxed.
- Friday, May 6, 2011

We Have To Do Something About These Soaring Gold Prices

WASHINGTON- With gold prices reaching record heights in April, gold mining companies are reporting huge profits. 79 percent of all gold mined in the U.S. comes from Nevada, where the state’s senior senator, Harry Reid, is a stalwart defender of the industry. But with the soaring price of gold, the U.S. government still allows the gold mining industry to take advantage of deductions in the tax code. These subsidies must end.
- Wednesday, May 4, 2011

Hydraulic Fracturing—Is It Safe?

Less than a decade ago, natural gas prices in the United States were among the highest in the world. However, in the last five years, domestic natural gas reserves have grown 30 percent due to technological advances in the use of hydraulic fracturing,[1] a drilling method that is coupled with directional drilling to access underground reservoirs of oil and gas. This technological breakthrough had an immediate impact on natural gas prices, causing them to plummet and remain low to the present time.
- Wednesday, May 4, 2011


Oil Prices, Speculators, and the Fed

As gasoline prices continue to rise, government officials realize they had better find someone to blame to divert the public's anger. President Obama just a few weeks ago joked about the complaints, but apparently his advisors told him to be more sensitive to hurting motorists. Now the message from the White House is the familiar slogan: high gas prices are the fault of speculators and greedy oil companies.
- Friday, April 29, 2011



Obama Pushing Hard For Higher Energy Taxes

There's an interesting shell game playing out in Washington. Last night, Speaker Boehner seemed to imply that oil companies are not paying their 'fair share' in taxes. While his spokesman is ferociously back-peddling on the statements, President Obama immediately jumped on the comments. Today, he sent a letter to the House and Senate asking lawmakers to join himself and Speaker Boehner in stripping the oil and gas industry of the ability to deduct business expenses from their taxable income, an ability granted to every other American industry.
- Tuesday, April 26, 2011


Energy Policy: Atlas Can Shrug

With the movie Atlas Shrugged, Part I playing in several hundred theaters across the nation, attention has turned to a book published in 1957 that many see as relevant to today’s economic and political policies. Energy policy is no exception.
- Saturday, April 23, 2011

One Year Later, Gulf is Still Hurting

One year ago, the Deepwater Horizon explosion sent shock waves through the Gulf coast community. This devastating tragedy should not soon be forgotten. But, what can we learn from it?
- Wednesday, April 20, 2011

Administration actions designed to increase the cost and reliability of energy

2009

February 4th -- Withdrew areas offered for 77 oil and gas leases in Utah that could cost American taxpayers millions in lost lease bids, production royalties, new jobs and the energy needed to offset rising imports of oil and gas. February 10th -- Delayed for six months the development of the new 5-year leasing program for offshore drilling that would have created new jobs, produced more American-made energy, and made us less dependent on foreign oil.
- Wednesday, April 20, 2011

IER Presents the American Energy Act

Over the last year, we have continually and appropriately criticized the Department of Interior for dragging their feet with respect to the issuance of permits for both shallow water operations and deep water operations in the Gulf of Mexico in the wake of the tragic, idiosyncratic Macondo spill last April.
- Wednesday, April 20, 2011


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