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The Bureau of Land Management (BLM) of the Department of Interior tried this week to put a positive spin on their anemic onshore oil and gas leasing program. Even worse, it took them nearly six months to do it, since the fiscal year 2015 ended at the beginning of last October. Of course, it takes […]
With all the discussion in the media about OPEC, about the Saudis and the Russians, and about the relationship between oil prices and the stock market, there seems to be no discussion about the elephant in the room. The real reason we have low oil prices today is because since 2008, U.S. oil producers – […]
Four years ago today, President Obama proclaimed, “we can’t just drill our way to lower gas prices.” Once again, President Obama is on the wrong side of history. In 2012, gasoline was $3.72 per gallon. Today, it is $1.73 a gallon. What’s changed is a massive increase in world oil production—almost all of which came […]
WASHINGTON — American Energy Alliance President Thomas Pyle issued the following statement on President Obama’s final State of the Union address: “President Obama has never failed to deliver a good speech, and tonight was no different. The president spoke at length of his climate and energy legacy—touting his carbon regulations and his ‘investments’ in wind […]
This week, Congress will consider H.R. 8, the House energy bill. Known as the “Architecture of Abundance,” this legislation aims to tackle numerous energy-related issues. Two amendments to this bill could significantly help American families. An amendment offered by Reps. Barton, Cuellar, McCaul, and Flores would lift the current ban on oil exports. Another amendment […]
As Congress begins to tackle a plethora of legislative issues this fall, one particular issue has garnered broad support on both sides of the aisle: lifting the decades-old ban on oil exports. Representatives across the country have realized that the ban not only inhibits economic growth, but also prevents free trade and does nothing to […]
Thanks to developments in hydraulic fracturing and horizontal drilling, America is experiencing a modern energy renaissance. Oil production is at its highest levels in nearly twenty years, and natural gas continues to surge at a near-record pace. America currently produces more petroleum and natural gas than any other nation. Unsurprisingly, the vast majority of this […]
For decades, political pundits and even quite a few presidents have been saying we’re on the verge of running out of oil. Fortunately, as Stephen Moore recently explained in The Washington Times, America’s shale revolution has ushered in an age of energy abundance. Below is an excerpt from Moore’s piece: Welcome to the age of […]
In a piece for Real Clear Energy, Dr. Robert Bradley, the founder and CEO of the Institute for Energy Research, examined the Obama administration’s misguided energy and climate policy. As the clock runs out on President Obama’s term, administration officials are rushing to impose additional rules on the oil and natural gas industry. As global […]
The Bureau of Land Management (BLM) announced in April that it is considering raising the royalty rate for oil and natural gas drilled on Federal lands—currently at 12.5 percent of drilling operations’ production value. The Center for American Progress (CAP) recommended that BLM increase the royalty rate for oil and gas drilled on public lands by at […]