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With sky-high inflation reminding people of the economic malaise of the Carter years, it appears that some Members of Congress are actually looking back fondly on those times and are actively trying to relive those days. The latest bad idea that Congress is trying to revive is a new tax on oil profits modeled after the tax on oil profits President Carter signed in 1980. This was a bad idea in 1980 and it’s a bad idea today.

This new tax on oil appears to be predicated on two core...

When asked by a news correspondent this month if President Biden intended to reverse course and reinstate pro-America energy policies, White House Press Secretary Jen Psaki responded that there are 9,000 approved oil leases that the oil companies are not tapping into currently. But, as American Petroleum Institute President and CEO Mike Sommers indicates , her statement amounts to factual distortion. “Just because you have a lease doesn’t mean there’s actually oil and gas in that...

Tuesday, March 8, AEA president Tom Pyle provided testimony before a hearing by The Subcommittee on Energy of the Committee on Energy and Commerce titled: Charging Forward: Securing American Manufacturing and Our EV Future.

Tom's full written testimony is available here. A video of the hearing can be viewed below.

A survey conducted by Morning Consult found 90 percent of U.S. voters favor domestic energy development over foreign imports. In addition, more than 80 percent of respondents said they believed domestic oil and natural gas production would boost energy security for the United States and its allies, reduce energy costs, and help preserve U.S. leadership in times of uncertainty. Another survey conducted by the Pew Center found that 67 percent  of Americans want a mix of fossil fuel and...

The Biden administration does not like U.S. energy production. That is the inescapable conclusion from their actions over the past year. Last summer they called on OPEC + (the most important part of the “plus” is Russia) to increase oil production. Recently, reports are that they are trying to get a deal with Iran that would put Iranian oil on the global market and that they met with Venezuela to possibly end sanctions on it and put Venezuelan oil on the global market . On Sunday, there...

According to the U.S. Energy Information Administration’s Natural Gas Pipeline Projects Tracker, in 2021, 7.44 billion cubic feet per day (Bcf/d) of interstate natural gas pipeline capacity was added in the United States. This was the lowest amount of added capacity since 2016. The vast majority of new interstate natural gas pipeline capacity was added to transport natural gas within Texas and around the Gulf Coast. 

As the chart above...

President Biden used his State of the Union Address to blame everyone and everything else for rising energy prices except his own anti-production policies.

Natural gas prices have escalated because of President Biden’s anti-oil and gas policies that are limiting pipeline infrastructure and increased production on federal lands, while the promise of pending regulatory actions add uncertainty to investments. As soon as Biden got inaugurated, he started implementing his domestic...

For the last fifty years, with one notable exception, U.S. presidents have used their State of the Union Address to push for expensive, unreliable, and politically motivated sources of energy.

This year it is likely Joe Biden will return to this trend in his address to the nation and champion his so-called "Build Back Better" agenda which would give BILLIONS of dollars to special interest groups working to make...

Monday, February 28, AEA president Tom Pyle joined Stuart Varney on Fox Business to discuss Democrats' energy policies. Watch the video below to see Tom argue that there is no reason for higher energy prices in the U.S. other than 'bad western leaders promoting bad policies that are driven by the green left.'

Follow Tom on Twitter for his latest on America's energy policy.

Futures of Brent oil were up more than 4 percent at $97.70 per barrel  early this week and West Texas Intermediate oil also increased nearly 4 percent to $94.67 per barrel, after Russian President Vladimir Putin ordered troops into the Donetsk and Luhansk separatist regions of Ukraine, indicating Russia would recognize their independence. In response to Putin’s action, Germany suspended the approval process for the Nord Stream 2 natural gas pipeline from Russia and the United States and...