Releasing 30 million barrels of petroleum from strategic reserves is not an energy policy, and it is not an especially useful response to either short-run or long-run pressures on gasoline prices. Because the release is scheduled to stop in 30 days, market adjustments will partially offset the release’s impact in …
On June 28, 2010, the Atomic Safety and Licensing Board—a three-judge panel charged with conducting licensing hearings for the Nuclear Regulatory Commission (NRC)—rejected the Department of Energy’s motion to withdraw the license application to move forward with opening Yucca Mountain, the geologic repository meant to store our nation’s used nuclear …
America’s chemical industry is one of the biggest consumers of natural gas. But it is stridently opposed to government interference and taxpayer-funded subsidies for the production, use and purchase of natural gas vehicles. American Chemical Council chief executive Cal Dooley, a former Democratic congressman from California, spoke at today’s Bloggers …
Doesn’t the Department of Energy (DOE) have enough needless programs and spending projects on its plate? DOE recently announced that it is launching a new program in cahoots with the Consortium for Energy Efficiency in which they will award the producer of the most efficient television. Producers will compete internationally …
The Nuclear Regulatory Commission is refusing to release an unredacted version of its safety evaluation reports on Yucca Mountain, leaving the conclusions unknown to the public. The agency notified Heritage that it had rejected an appeal under the Freedom of Information Act. The NRC’s decision comes eight months after Heritage …
When it comes to making bad energy policy decisions, President Obama is a pro. Yesterday was no exception when the Obama Administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). This is part of an agreement with the International Energy Agency (IEA) to …
The 28 member countries of the International Energy Agency (IEA) agreed to release 60 million barrels of oil reserves—2 million barrels per day over 30 days—to offset the supply disruption as a result of the political unrest in Libya. The Obama Administration announced that 30 million of those barrels will …
Shell spent five years and more than $3.5 billion while waiting for the Environmental Protection Agency to grant a permit for drilling in Alaska. Now lawmakers in Congress hope to force the hand of EPA bureaucrats by mandating a six-month deadline to review permit applications. The Jobs and Energy Permitting …
