In The Pipeline
Energy & Climate Headlines
Oil producers can solve supply woes: Exxon
Oil producing countries need to remove barriers to investment to ensure global oil markets are well supplied, but they are unlikely to do so as long as prices remain high, Exxon Mobil Corp CEO said on Tuesday.
Energy experts puzzled over oil prices
As crude soared to a new record, the head of the International Energy Agency declared that the world was in the grip of an “oil shock,” and the president of OPEC acknowledged he could not say whether prices would flatten out or continue to soar.
Who’s Behind High Prices
Speculator-bashing is another exercise in scapegoating and grandstanding. Leading politicians either don’t understand what’s happening or don’t want to acknowledge their own complicity.
Iraq Opens Bidding on 8 Oil and Natural Gas Fields
Iraq opened international bidding for eight enormous oil and gas fields Monday, paving the way for investment in a nation with some of the world’s largest petroleum reserves.
Don’t Blame the Oil ‘Speculators’
A campaign in Congress to punish traders for record oil prices reveals a fundamental misunderstanding of how futures markets work.
Archive for Energy & Climate Headlines »
U.S. Energy Information Administration (EIA)
Environment
energy-related emissions data & environmental analyses
Economic Impacts of Warner-Lierberman
EIA report on the economic impacts of S. 2191
Upcoming Events
Iran Expects OPEC Supply Cut as Heavy Oil Demand Weak
The Organization of Petroleum Exporting Countries will eventually have to cut production of lower-quality crude as warmer weather in the northern hemisphere reduces demand for oil, Iran’s OPEC governor said today.
Oil stockpiling may get key tests today
The Senate and House are both expected today to approve legislation to stop the Bush administration from adding more oil to the Strategic Petroleum Reserve.
Hearings planned on energy market speculation
NEW YORK (Reuters) - A House committee has started investigating speculation in energy markets, with plans to hold hearings in May and June, the Wall Street Journal said on Monday, citing a Democratic aide and several other people invited as witnesses.
IER Studies
Speculators Not to Blame for High Oil Prices
IER Economist Murphy Takes on Nordhaus’ Case for a Carbon Tax
Energy Lesson: Drilling vs. Production
Top Five Actions Your Federal Government Can Take to Lower Energy Prices
Facts On Energy
The World’s Largest Oil and Gas Companies
Outer Continental Shelf (OCS) Statistics
Every five years, the Minerals Management Service leases out federal land for resource production. Here are statistics that outline the activity for the 2007-2012 leasing program.
New Gov’t Report Offers Road Map for Energy Relief
The Bureau of Land Management today released a study that shows vast untapped oil and natural gas resources exist on public lands in the U.S. At least 31 billion barrels of oil and 231 trillion cubic feet of natural gas exist onshore, but are off-limits
Press Releases
Price Gouging Again? Seriously?
IER Report: Speculators Not to Blame for High Oil Prices
Bush Misses Key Opportunity on Offshore Energy, IER Renews Call to Eliminate Executive Ban
IER Calls on Bush to Tear Up Executive Drilling Ban
U.S. Senate Debates “Greatest Hits” Compilation of Failed Energy Policies
IER in the News
Don’t Blame Ben
The Federal Reserve and its leader, Ben Bernanke, have taken a lot of hits in recent weeks. Some even suggest that the energy crisis is due more to Fed fumbling than anything else. This is preposterous.
McCain Touts Coal, Nuclear While Decrying `Playing Favorites’
As a presidential candidate, the Arizona Republican is backing specific industries in proposals for relief from high energy prices and foreign dependence.
History’s Fall Guys
The primary culprit for the nation’s heebie-jeebies is the record price of fuel. At such times, the political and chattering classes share a vital responsibility-they must identify a villain. Inevitably they have settled on “speculators” as their bogeyman
Obama’s Dry Hole
The WSJ dispels the notion that every acre of federally leased land produces oil and natural gas.
McCain oil plan relies on Middle East
Sen. John McCain caps his weeklong push for U.S. energy independence with a trip Friday to Canada, but his own environmental plan discourages use of Canadian oil and drastically increases American reliance on oil from the Middle East.