President Obama recently signed legislation that prevents the European Union (EU) from taxing U.S. airline emissions for planes that travel to and from EU countries. Although the EU announced it would delay the tax from its broader cap-and-trade-like system for a year, the new law protects U.S. airlines from the …
An energy renaissance is underway in the United States. According to a new report by the International Energy Agency (IEA), America’s decades-long dependence on foreign oil may soon be over. By the mid-2020s, the United States is set to surpass Saudi Arabia as the world’s largest oil producer. Even more …
Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison. So it is surprising that an explicit tax on fossil energy is now being pushed in Washington. The hope among carbon-tax proponents is that they …
Last week, the Environmental Protection Agency (EPA) rejected a proposal from a number of governors and federal legislators to partially waive the Renewable Fuels Standard, which mandates the production of 36 billion gallons of ethanol by 2022. This year, the Energy Policy Act of 2005 requires refiners to blend nearly …
To its credit, the Obama Administration has yet to endorse a carbon tax. Such a tax is promised as the one-two punch that will put a significant dent in America’s fiscal crisis and the supposed impending doom from manmade global warming. This “market-based” approach will, supporters promise, bring new revenue …
The International Energy Agency (IEA) released its Annual World Energy Outlook this week with the headline that the U.S. could become a net exporter of natural gas by 2020 and essentially energy independent by 2035. This transformation is a direct result of the private-sector innovation and investments to develop new …
The Fukushima nuclear reactor accident in March 2011 challenged the public’s perception of nuclear power. However, much of this disillusionment simply stems from a lack of understanding of how a nuclear power plant functions. Inside a Nuclear Reactor A nuclear power plant is a lot like most coal or natural …
“We need green energy. Just not here.” Do those words sound familiar? That’s quite often the case with so-called proponents of green energy. The acronym NIMBY (not in my back yard) should really be replaced with BANANA (build absolutely nothing anywhere near anything), according to Ryan Yonk, coauthor of a …
Last night’s debate between President Obama and Governor Romney was supposed to focus on foreign policy. It turned into a wide-ranging conversation on everything from the Middle East to American teachers. Heritage Foundation experts were live blogging analysis throughout the night. Below are some highlights from their reactions. Join us …
