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    Markey’s Misguided View of Energy Exports

    Last week, Representative Ed Markey (D–CA) sent a letter to Secretary of Energy Stephen Chu questioning whether exporting natural gas would benefit American businesses and consumers. He wrote, “I am worried that exporting America’s natural gas would raise energy costs for American consumers, reduce the global competitiveness of U.S. businesses, … More

    Ohio Earthquakes Spark Drilling Controversy

    Youngstown, Ohio, had a rockin’ New Year’s Eve, but not the kind it hoped for—a 4.0 magnitude earthquake shook the city just one week after a 2.7 magnitude earthquake hit. Fortunately, there was no significant damage or injuries; the focus has primarily been on the cause of the earthquake. Although … More

    Iranian Threats Reflect Intensifying Confrontation over Its Nuclear Program

    Iran’s Islamist dictatorship has escalated its bellicose rhetoric in recent days, boasting about its ability to disrupt oil exports from the Persian Gulf and warning that U.S. Navy warships (particularly the aircraft carrier USS John C. Stennis, which recently exited the gulf) could be attacked in the future. Iran has … More

    Oil Prices Up, but Keystone Still in Limbo

    Americans started the week with a rude awakening — crude oil prices are up $3.80, or 3.8 percent, to $102.63 per barrel in New York today, according to the Associated Press. But despite the jump in oil prices, President Barack Obama is still sitting on his hands when it comes … More

    Morning Bell: War Games, An Energy Crisis, and the Iranian Threat

    The Strait of Hormuz lies between Iran and the United Arab Emirates, providing passage for some 15.5 million barrels of crude oil per day, amounting to one third of the world’s seaborne oil shipments. In a word, it is a 34-mile-wide chokepoint, making Iran’s threat this week to shut down … More

    Mr. President, There's Bipartisan Support for Keystone XL

    The Keystone XL pipeline, which would bring 700,000 barrels of oil per day from Canada to refineries in Texas and give a major boost to the U.S. economy, is the hot-button issue when it comes to the payroll tax cut package. The legislation says that the President should issue a … More

    Obama's Keystone XL Indecision Already Costing Jobs

    It didn’t take long for President Obama’s delaying of the Keystone XL pipeline to start having disastrous economic consequences. Fox 16 reports from Little Rock, Ark., that 60 employees at a local steel pipe manufacturer are now out of work as a direct result of the President’s indecision: Layoffs and … More

    Navy Buys Biofuels for $15 Per Gallon From Stimulus-Linked Firm

    A California company has been hired to provide 450,000 gallons of advanced biofuels to the U.S. Navy – the “single largest purchase of biofuel in government history,” according to the Navy – at $15 per gallon, or about four times the market price of conventional jet fuel. The Institute for … More

    Gone with the Wind Subsidies

    The year 2012 marks a monumental yet depressing milestone for the wind energy industry: 20 years of tax credits. The federal renewable energy production tax credit, which allows wind producers to take a 30 percent investment tax credit or receive a 2.2-cents-per-kilowatt-hour production tax credit, has been around since 1992. … More

    Feed-in Tariffs: Just Another Renewable Energy Subsidy

    Another day, another new subsidy for renewable energy. This time it’s a feed-in tariff, as Senator Dianne Feinstein (D–CA) recently inserted language supporting feed-in tariffs into the 2012 Energy and Water Appropriations bill. Feed-in tariffs subsidize renewable energy by forcing utilities to purchase renewable energy at fixed, above-market prices. The … More