Tag: Institute for Energy Research

In Oil Commission Report, Substituting Politics for Context

American Petroleum Institute, “API response to commission report: ‘We’ve made progress to improve safety’“:

API Upstream Director Erik Milito said the group is still in the process of reviewing the commission’s report but is pleased the commission is recommending increased funding for the federal agency responsible for inspecting and monitoring offshore activity. However, he said API is deeply concerned that the commission’s report casts doubt on an entire industry based on its study of a single incident.

“This does a great disservice to the thousands of men and women who work in the industry and have the highest personal and professional commitment to safety,” Milito said.

Dan Kish, Senior Vice President at the Institute for Energy Research, “IER: BP Spill Commission Was Flawed From the Start“:

This commission has had problems from the beginning – it has seemed to prioritize creating political cover for the Obama Administration over working towards becoming a fact-finding body. That’s because it’s full of politicians, activists and opponents of offshore drilling. The public needs to know that the Macondo spill was an isolated incident that tragically differed from the oil and gas industry’s history in the Gulf: 60 successful years that generated 50,000 successful wells.

Washington Examiner editorial, “Oil spill antidote: More federal bureaucracy“:

It wasn’t hard to predict the sort of recommendations to expect from the seven-member National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling when President Obama appointed Natural Resources Defense Council President Frances Beinecke, Union of Concerned Scientists board member Fran Ulmer and five other Democratic donors to the panel. All seven oppose offshore oil and gas activity and are environmental movement stalwarts. … (continue reading…)

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After the Summer of Recovery, Decades of Reversals

From the Institute for Energy Research, “New Study: Kerry-Lieberman to Destroy Up to 5.1 Million Jobs, Cost Families $1,042 per Year, Wealthiest Americans to Benefit“:

In an effort to better understand the broad consequences of the Kerry-Lieberman American Power Act on the U.S. economy, the Institute for Energy Research commissioned Chamberlain Economics, L.L.C to perform an economic and distributional analysis of cap-and-trade portion of the proposal.

The following represent some of the study’s key findings:

  • The American Power Act would reduce U.S. employment by roughly 522,000 jobs in 2015, rising to over 5.1 million jobs by 2050.
  • Households would face a gross annual burden of $125.9 billion per year or $1,042 per household, with costs disproportionately borne by low-income households.
  • On a net basis, the top income quintile will benefit financially, redistributing to these households roughly $12.3 billion per year from the bottom 80 percent of earners.
  • Households over age 75 bear the largest burden at 2.3 percent of income, followed by households aged 65-74 and under age 25 at 2.1 percent. By contrast, the nation’s highest-earning households between age 45 and 54 years would bear the smallest percentage burden of just 1.5 percent.
  • Contrary to the legislation’s stated goal of reducing price volatility by excluding petroleum refiners from quarterly auctions, the Kerry-Lieberman bill is likely to significantly increase allowance price volatility from quarter to quarter, compared to an ordinary auction in which all covered industries bid for allowances.

Mark Tapscott at The Washington Examiner has more, “Study shows 522000 jobs lost by 2015 due to Kerry_Lieberman’s cap-and-trade bill”

The IER-reported findings — which reinforce analyses of other carbon-cap-and-tax bills, such as the House-passed Waxman-Markey legislation — make this week’s White House meeting on the climate/energy legislation seem baffling not just as policy but as PR. Shouldn’t ending the BP spill be a priority? Apparently not. As Chris Horner of the Competitive Enterprise Institute summarized yesterday, “Obama: Spill, Schmill — Where’s My Energy Tax?

Today Roll Call reports (subscription required) that during today’s White House meeting — called by the president to try and advance his global-warming agenda by using the Gulf spill as the tail to wag that otherwise dead dog — Obama accused Tennessee senator Lamar Alexander of raising a “talking point” by seeking to discuss response measures the government might employ in the Gulf, and went on to say that the oil spill was not the topic of the meeting.

Remember, the point of the meeting was supposed to be how to pass a spill-response bill, though the substance was revealed to be how to use the Gulf spill to pass a global-warming bill calling it a spill-response bill. (continue reading…)

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Californians Say, Let’s Slow Down the Assault on Manufacturers

From the good people at the California Manufacturers and Technology Association, one of the leading advocates of an initiated measure to halt implementation of the AB 32, the single-state crack down on greenhouse gas emissions, i.e., human economic activity.  The 2006 law caps greenhouse gas emissions at 1990 levels by 2020 and includes enforceable penalties.

Gino DiCaro, CMTA’s vice president of communications, blogs, “800,000 Californians sign to put CA’s economy first and signal ‘welcome mat’ for manufacturers“:

The campaign to suspend AB 32′s global warming regulations until California’s economy and unemployment recovers submitted double the signatures needed today to qualify the “California Jobs Initiative” for the November ballot.

The initiative got more than 800,000 signatures, far above the 433,971 needed.  The state’s citizens understand that implementing AB 32 at the right time in the right way is not an anti-environment position.  It’s a path to improve our economy first through job growth — with high wage and ‘green’ manufacturing jobs at the center of that recovery — and a way to see if the rest of the country will follow with their own global warming mandates.  Today’s announcement makes clear that the California voters don’t want to go it alone on costly greenhouse gas reductions.

California is losing key manufacturing jobs already — down 34% since 2001 — and the state would continue its precipitous decline if AB 32 is implemented now in a manner that is not cost-effective, technologically feasible or competitive with the rest of the country. 

Gino reports a startling statistic: In 2000, California had one of every 16 new or expanded manufacturing facilities in the country.  In 2009, the state had 1 one of every 40. 

California’s calamitous approach toward consumer and industrial use of energy embraces many more mistakes than just AB 32. The Institute for Energy Research recently published a new report, “Energy Regulations in the States: A Wake-up Call,” that includes state-by-state analyses of energy usage and government-imposed costs. The California’s portion of the report is available here, and the summary states:

California is an exceptional state. California has a high per capita gross state product and high energy prices. California’s climate attracts people from throughout the country, and the entertainment industry and Silicon Valley have created great economic wealth in California. But California’s regulations have driven up energy prices, and the regulations will continue to help push up energy prices. For example, California motorists are required to use a special motor gasoline blend called California Clean Burning Gasoline, making California have the highest gasoline price in the lower 48 states. California has also enacted regulations to increase the price of energy in an effort to reduce carbon dioxide emissions. These excessive regulations will not help California’s battered jobs outlook, nor will it help California balance its budget.

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Take Yes for an Answer, III

A solid Earth Day op-ed in The Daily Caller comes from Thomas Pyle,  president of the Institute for Energy Research and the American Energy Alliance, “Thank you Mother Earth for natural resources“:

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Including the Negative Reaction to President’s Energy Plan

Heritage Foundation, The Foundry blog, “Don’t Fall For Obama’s Energy Shell Game“:

In fact, if anything, the policies announced by President Obama yesterday will actually decrease and delay future U.S. oil production. The President actually canceled four lease sales off the Alaska coast that were planned to begin producing oil within the next two years, delayed a planned lease off Virginia until at least 2012, and placed some areas off limits for at least seven years. Go back and look at President Obama’s actual announcement again: he only promised new exploration off the Atlantic coast. There is absolutely no guarantee that any new drilling will ever occur. Secretary Ken Salazar’s Interior Department still has full discretion to never allow a single drop of oil to be harvested from these waters. And that doesn’t even begin to address the court challenges the enviro-left will employ to attack and delay the entire process.

Will Yeatman, Competitive Enterprise Institute, “OCS Sleight of Hand“:

[While] all the talking heads are chattering about Obama’s supposed pragmatism, the EPA will release today its final rule to allow California to regulate greenhouse gases from automobiles under the Clean Air Act. That’s the real story, because once a “pollutant” (remember, we are talking about carbon dioxide, the stuff we exhale) is regulated under the Clean Air Act, it becomes subject to further and further regulation. The President will have the power (the obligation, according to well funded environmental lawyers) to regulate anything larger than a mansion — your small business, your office complex, your apartment building.

Thomas J. Pyle, Institute for Energy Research, “Obama Energy Announcement: More Imported Oil, Less Domestic Production, Fewer Jobs“:

America’s offshore energy resources belong to the American people. Not a company, not a special interest, and not a single administration. And a clear majority of the American people supports the commonsense strategy of producing more oil and gas here in America. Unfortunately, today, and to our economic detriment, the President once again ignored the will of the American people. (continue reading…)

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The Midnight Bell Tells, the OCS Moratorium Expires

All credit to the Institute for Energy Research for not getting distracted by financial developments and reminding us all of a moment of legislative history, the expiration of the federal statutory moratorium on Outer Continental Shelf oil and natural gas drilling.

A statement from Thomas Pyle, IER’s president:

“Given the integral role affordable energy plays in the health and vitality of our economy, the ban on offshore energy has been tantamount to withholding food from the starving.  It defies logic, common sense, and the state of our technological capabilities all at once.  Its complete repeal could lead to one of the biggest economic stimulus this nation has ever experienced, and it could not have come at a better time.”

“Unfortunately, many of the environmental laws and regulations concerning offshore energy production are older than the ban itself, and simply do not reflect the technological breakthroughs that have enabled us to produce energy and protect the environment at the same time.  These outdated laws – and those who file frivolous lawsuits based on them – threaten to stop forward progress on greater offshore energy production.  That’s why it is critical for the American people to continue their call for increased production of the energy resources they own beneath federal lands.  Repealing this ban is just the start.”

You want a vital economy and affordable energy, repealing the ban is just a start.

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Bush to Congress: Lift the Offshore Drilling Ban

President Bush has scheduled a statement on energy for 10:35 a.m. in the White House Rose Garden. From AP:

 ”The president believes Congress shouldn’t waste any more time,” White House press secretary Dana Perino told The Associated Press on Tuesday. “He will explicitly call on Congress to … pass legislation lifting the congressional ban on safe, environmentally friendly offshore oil drilling.”

Here’s a good start, as suggested by the Institute for Energy Research: President Bush should repeal the Executive Order banning energy production on America’s outer continental shelf, an order signed by President George H.W. Bush in 1990. From the Institute’s president, Thomas J. Pyle:

Our elected representatives are paid to serve the people, but not a single person or family in the United States is served by maintaining this outdated ban on American energy production. Since the Congress has made it clear – year after year – that it does not have the courage to take decisive action, President Bush should take the first step. He has the authority to tear up one of the two bans on offshore energy production that form a wall between American consumers and affordable energy. We’re asking the president to tear down that wall.

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