At the dawn of a new year, it is appropriate to take stock of America’s ever-giving oil and natural gas bounty—and realize that much more of a good thing is in store given market incentives to produce and consume.

Oil and natural gas are the energies of our lives. No hyperbole there. Oil and natural gas are the source of energy-intense fuels for transportation as well as warmth in the winter and cooling in the summer.

They’re also the building blocks for a number of products we use every day, making our lives more modern, more comfortable and safer. Every day 143 U.S. refineries convert an average of 15 million barrels of crude oil for these uses and more.     

For 9.8 million Americans, the oil and natural gas industry supports their employment – directly, indirectly in supporting industries and across our economy in jobs that wouldn’t exist without oil and natural gas development.…

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy & environmental policies. Our basic position is that technical matters like these should be addressed by using Real Science. It’s all spelled out at WiseEnergy.org, which is a wealth of energy and environmental resources.

A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and environmental matters. We appreciate MasterResource for their assistance in publishing this information.

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U.S. Production Tax Credit (PTC)

Sen Grassley re the PTC

Democrats push to extend clean energy tax credits as deadline looms

US Senators oppose a PTC extension

Can the American Wind Energy Industry Survive Without the PTC?…

On December 26, 2008, the free-market energy blog MasterResource began. Some 1,440 posts (from 150 authors) later, we are nearing two million views.

The original idea of MasterResource was to bring a distinguished group of energy experts together to attract a wider audience. The thinking was that a movement website would provide the critical mass to be heard in an increasingly crowded blogosphere.

Here was the original concept as explained in our first blog five years ago today:

We are just getting started here, but some of us veterans of the energy debate from a private property, free-market perspective have teamed together to offer our thoughts on late breaking energy items. When I read my newspapers each day, I have some thoughts that I wish I could share with folks from a historical, worldview perspective.

“[A] complex regulatory nexus surrounds all hydropower projects, no matter how small. As far as regulatory requirements are concerned, it didn’t matter that the project would have little to no environmental impacts…. When it comes to renewable energy, federal policies are working at odds with one another.”

In 2008 Logan City, Utah decided to install a micro-hydro project in its culinary water system. The city’s assistant engineer recognized the opportunity to generate clean, low-cost electricity for the city by installing a turbine in the city’s culinary water pipeline.

Logan City’s project would power 185 homes, and would not require any new construction. At the same time, it would also help reduce excess water pressure in the system. Because the project was so small, and would not affect anything outside of an existing pipeline, city officials thought the permitting process would be a breeze.…