Energy Policy Research Paper Quoted in Forbes Article By Michael Lynch
February 19, 2025
EPRINC Fellow Tristan Abbey has written this open letter titled “Did Biden Break the Strategic Petroleum Reserve?” The letter was sent on October 27, 2022 to Senators Joe Manchin and John Barrasso, chairman and ranking member, respectively, of the U.S. Senate Committee on Energy and Natural Resources.
The letter calls for a bipartisan investigation into the operational impacts of the White House’s “historic 180-million-barrel drawdown” focusing on the following quetisons:
EPRINC President Lucian Pugliaresi has co-authored an article published on October 25, 2022 in RealClear Energy entitled “Bad Energy Policy Ideas Never Die“. In it, they discuss their concerns with recent public policies related to energy that have been proven to be major issues that will be difficult to recover from. A quote from the article with their proposed solution is below:
“To the fearful leaders in our country: step out on your turf and support the domestic oil and gas industries in ways that will build investor confidence and calm markets. There simply is no other way to meet the future without a strong domestic base for energy and materials. Others will take note, including troublemakers we face now and those we’ll face in the future.”
https://www.realclearenergy.org/articles/2022/10/25/bad_energy_policy_ideas_never_die_860905.html
10/18/2022
Members of the Organization of Petroleum Exporting Countries (OPEC) have recently made the decision with other oil producers (OPEC+) to slash production by 2 million barrels a day. The move—seen as led by Saudi Arabia and Russia—immediately sent oil prices higher, defies entreaties by the Biden administration for production increases to ease inflation and stabilize the global economy, and could provide a vital cash lifeline to Vladimir Putin’s war efforts in Ukraine.
JINSA held a discussion of the factors that contributed to this move, what it signals about Saudi relations with the United States, Russia, and other world actors, why the Biden administration was unable to prevent the production cut, and what the United States should do next. EPRINC’s Larry Goldstein participated and provided his insight based on his years of experience and expertise on the matter.
A transcript of Larry’s comments can be found here. The video of the event is below
A story in today’s Wall Street Journal (September 14, 2022) points out that the while U.S. consumers are getting a reprieve from high gasoline prices, a large jump in electricity and natural-gas costs are increasing their energy bills as winter approaches. The index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month increase since 1981. The story goes on to point out that electricity price increases have been driven by rising prices for natural gas, which powers about 37% of U.S. electricity production and that heating and cooking costs have increased 33% over the last 12 months.
A recent article published in Commonwealth Magazine by EPRINC Trustee Larry Goldstein and former Congressman Joe Kennedy highlight the dire circumstances faced by many low-income Americans as we head into winter. A main source of assistance for low-income families is the federal Low-Income Home Energy Assistance Program, or LIHEAP. The program is now facing a 50 percent funding cut at a time skyrocketing energy cost. Rising energy costs also highlight’s the importance of sustaining adequate production of legacy fuels until low-cost and low-carbon alternatives are freely available to consumers.
…Lucian Pugliaresi
On Wednesday, June 22, 2022, the U.S. House Energy & Commerce Committee’s Subcommittee on Energy held a hearing titled, “Legislative Hearing to Strengthen Energy Infrastructure, Efficiency, and Financing.” Under consideration were several pieces of legislation including the “Securing America’s Critical Minerals Supply Act” (H.R. 1599), the “Energy Accountability Act” (H.R. 5292), the “Guaranteeing Resilient Installations for Defense Act” or the “GRID Act” (H.R. 8053), and the “Tribal Energy Investment Act of 2022” (H.R. 8068). Along with the legislation, Subcommittee Members pursued broader themes focusing on the recent increases in transportation fuel prices. EPRINC President Lucian Pugliaresi was invited to testify along with five other experts from trade associations, universities, and think tanks.
EPRINC Trustee, OIES Research Associate, CEBRI International Board Member Ivan R. Sandrea Silva and EPRINC President Lucian Pugliaresi have authored a paper entitled “The Low Carbon Energy Transition: A window of opportunity for a new phase of economic development in Africa and Latin America?” This paper is directly related to a presentation given by Ivan at the CEBRI online conference called “Sustainability and the New Energy Economy in a Multipolar World.” A pull quote from the paper is below:
“In the African and Latin American regions, climate change concerns and the energy transition have received a lot of negative and positive attention and is building significant support especially among the growing youth. But the energy transition is also causing recurring dislocations for both global and regional leaders, the industry, investors, and policymakers. The environment itself is also being affected, and ironically, the level of confidence for the net zero path is dropping as rising energy prices hit the region’s economies. This is because the energy transition “movement’ in the Western world is occurring in a very disorganized and uncoordinated manner, and that is where we see both a major problem unfolding and an opportunity for the leading economies and leaders.”
China has emerged as a key player in the global natural gas market in the past decade, surpassing Japan as the top natural gas importer and the largest LNG importer in 2018 and 2021, respectively. China’s role in determining Asian natural gas trends—especially, gas pricing and LNG trade—is increasingly important as the country looks to replace greater volumes of coal with natural gas to implement its programs to reduce local air pollution. As part of EPRINC’s China Series, this publication evaluates market and policy trends in China and projects the country’s natural gas and LNG demand through 2030.
As the Senate Judiciary Committee is taking up a vote on NOPEC, EPRINC is re-releasing this 2019 article published in Real Clear Energy on NOPEC legislation.
EPRINC’s Max Pyziur was quoted extensively in the Miami Herald’s article “What Does Biden’s Ban on Russian Oil Imports Mean for People in the U.S.? What to Know“. The article was published on March 8, 2022.
A quote from the article:
“We are in a situation of war. This isn’t just an isolated event in Eastern Europe. This is something that affects the world,” Pyziur said. “It’s going to impact living standards. It’s going to impact national security, it’s going to impact food security, it’s going to impact energy security – all these things.”
Today on February 25, 2022, LNG Allies was joined by the Energy Policy Research Foundation, American Exploration and Production Council, and the Energy Equipment & Infrastructure Alliance in a letter addressed to the Biden Administration expressing increasing concerns on U.S. and European Energy Security. A brief summary of the suggestions in the letter is below:
https://lngallies.com/energysecurity/
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