Congressman Ed Whitfield (R–KY) released legislation yesterday that would force the Obama Administration to reveal how its environmental regulations impact gasoline prices. Specifically, the Gasoline Regulations Act of 2012[1] would create a Transportation Fuels Regulatory Committee consisting of officials from the Departments of Energy,…
Gasoline is in plentiful supply. Demand is falling. So why are prices at the pump going through the roof — up nearly 30 cents a gallon in the past month alone? A number of reasons, actually. Most of what dictates the price of gas is the price…
FYI: Heritage WebMemos are now called Issue Briefs. The national average for gas prices is almost $3.60 per gallon, increasing 40 cents from a year ago and jumping 20 cents from just one…
President Obama has been on a kick to promote natural-gas production. Unfortunately, he seems to think the key to doing this is more government involvement. "It was public research dollars, over the course of 30 years, that helped develop the technologies to extract all this natural gas…
Testimony before The Subcommittee on Select Revenue Measures and the Subcommittee on Oversight of the Committee on Ways and MeansUnited States House of Representatives September 22, 2011 …
Abstract: Natural gas is a plentiful domestic resource with tremendous potential to increase the U.S. energy supply. Tapping this resource will create jobs and boost an ailing economy. More affordable energy will support additional business formation and growth. The role of the government is to regulate—not over-regulate and hamper—natural gas…
Gas prices are above $3.60 per gallon nationally, the unemployment rate is hovering at 9 percent, and the country is $14 trillion in debt. Although it is not the be-all and end-all, there is a solution that would help lower energy prices, create jobs, and bring revenue into the financially…
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Nick Loris discusses gas prices and energy policy. …
Lately, high gas prices and high profits for oil companies have tempted some lawmakers to propose removing “tax subsidies” for oil and gas companies. The problem is, the tax provisions they target are not special interest subsidies at all. Take the domestic manufacturer’s tax credit that…
The bipartisan New Alternative Transportation to Give Americans Solutions (NATGAS) Act provides preferential tax treatment to subsidize the production, use, and purchase of natural gas vehicles (NGVs). Supporters argue that it promotes transportation fuel competition and reduces foreign oil dependence and greenhouse gas emissions. In reality, the…
High gasoline prices and America’s alleged addiction to oil give rise to policy ideas to reduce America’s oil use, particularly in the transportation sector. Along with fuel efficiency standards and alternative fuel consumption mandates and production tax credits, the government has in place incentives to make and purchase electric cars,…
Must it always be opposite day in Washington? Petroleum and gasoline prices are surging while the Obama Administration and its allies seem intent on making things worse. Instead of taking actions to increase supplies of petroleum and gasoline, the Administration pursues policies to restrict U.S. access to its own petroleum,…
Gasoline prices are steadily rising toward $4 per gallon, the price that triggers public outcry and congressional response. In a recent interview, Senator Lindsay Graham (R–SC) said that at $4 gasoline, “everybody is tripping over themselves to find an energy policy.”[1] Graham then mentioned he would start work…
Abstract: Conventional wisdom holds that offshore oil and gas production harms the surrounding environment. This blanket "wisdom" ignores the fact that the largest source of marine hydrocarbon pollution is offshore natural oil seepage. It also ignores the fact that offshore oil production has lowered…
Energy is critical to the operation of our economy and the maintenance and improvement of our standard of living. Restricting access to energy hurts the economy, drives income down, and, of course, drives up prices of other goods. Opening access to our own petroleum reserves can help our economy as it helps restrain rising energy…
As Americans across the country gear up for Memorial Day, they have welcomed the recent dip in gas prices. Although gas...…
On April 17 and 18, 2002, a number of Senators took to the floor of the upper chamber to decry efforts to open the...…
High gas prices are not a president's friend, especially in an election year, so it's not surprising that President...…
From canceling oil leases in his second week in office to denying the XL Pipeline this year President Obama and his...…
Typically, comprehensive pieces of energy legislation expand the government’s authority over the energy economy rather...…
Back in July 2006, House Democratic Leader Nancy Pelosi (CA) appeared at a gas station in Washington, D.C., to draw...…
In his time in office, President Obama has made some seriously bad proposals and decisions on energy policy, and...…
Think fueling up your car at $4 a gallon is rough? How would you feel about paying more than $6.50? Add on top of that…
In case you missed it, there was quite a performance in the U.S. Senate yesterday. Liberals put on an election-year...…
As you drive America's ribbon of highway, from California to the New York island, there's one reality that can't be...…