Supporters of continuing ethanol subsidies are once again using a study out of Iowa State to bolster their case, and once again, it doesn’t.  This year’s study, “The Impact of Ethanol Production on U.S. and Regional Gasoline Markets: An Update to 2012,” is an update to their previous work. In reviewing that work, here’s what the Institute for Energy Research concluded:

"The recent Iowa State study claiming that ethanol production has suppressed the growth in gasoline prices is very misleading. It takes for granted the current refinery capacity and other infrastructure that industry uses to deliver gasoline to motorists, without realizing that federal policies over the years have distorted the development of these markets. Ethanol only survives in the market place at its current leve... more »

Just a thought, but how great would it be if one of this fall’s presidential debates focused solely on energy issues?

Past presidential debates have discussed the economy and jobs, national security and foreign policy, and of course all of those are important. Yet, when you think about it, energy is the nexus where all come together.

Energy runs our economy, literally, and the quest for it supports millions of jobs and could create hundreds of thousands more. Our need for reliable, affordable energy figures prominently in national security and foreign policy decisions. An America that meets most or all of its energy needs here at home would be safer, its prosperity less vulnerable to geo-political developments.

So, when the people who decide the topics for this year’s presidential... more »

The warmed-over claim that oil and natural gas companies aren’t using large numbers of leases on public lands is like a Mark Twain line: What’s the difference between a cat and a lie? A cat only has nine lives!

Seriously, here we go again, with the administration claiming (again) that leases in federal areas offshore and onshore aren’t being used. It made similar claims in 2009 and again last year. Politico Pro [subscription required] says this year’s report is basically last year’s with a few updated numbers. Here’s a statement from Interior Secretary Ken Salazar:

“These lands and waters belong to the American people, and they expect those energy supplies to be developed in a timely and responsible manner and with a fair return to taxpayers.”

Let’s be clear: It’s simply fal... more »

Editor's note: The event has concluded. Archive footage is available above.

With the right leadership and policies, the United States can take control of its energy future. A new estimate that an oil shale formation in the western U.S. holds 1.5 trillion barrels of recoverable oil, expanding production of natural gas from shale and analysis that the U.S. could secure 100 percent of its liquid fuel needs through North American sources within 15 years certainly support that conclusion.

Leadership and policies. Specifical... more »

Takeaways from White House energy and climate adviser Heather Zichal’s appearance at Monday’s hydraulic fracturing workshop in Washington, D.C., hosted by API:

Outreach – The oil and natural gas industry agrees with the Zichal and the administration that constructive dialog on energy issues is, well, constructive. Zichal:

“I give [API President and CEO] Jack [Gerard] and API and a lot of their member companies credit for this. We have worked over the last few months to try to set a better dialogue and create a better working relationship, because what the industry is doing is important from a job-creation perspective.”

Certainly, a fact-based energy discussion has wide benefits. One of the first facts to acknowledge is the role oil and natural gas play in our current energy mix... more »