Energy is required to power virtually all economic activity, with oil and gas integrated into the production, distribution, and consumption of almost every good and service. Our research examines how energy markets function and how policy can ensure stable, affordable supplies while supporting the transition to cleaner sources. When Russia's invasion of Ukraine threatened global energy prices, we developed innovative policy solutions using the Strategic Petroleum Reserve to stabilize markets without sacrificing domestic production capacity. By addressing the actual constraints to investment in domestic energy—primarily price volatility risk—our approach demonstrates how targeted interventions can simultaneously address price pressures, energy security, and employment in this crucial sector.
Expanding Energy Production

Read the Latest
Read the Latest
The Long Game A Technical Tax Change to Boost American Energy ProductionThe Long Game A Technical Tax Change to Boost American Energy Production.pdf301 KBdownload-circle Introduction Since its inception in 1916, the Intangible Drilling Cost (IDC) tax deduction has been an important policy tool for fostering drilling innovation and productivity.
It is critical to build markets where producers can access affordable hedges against price volatility, and where other participants will affirmatively “buy the dip” in order to manage supply-related price declines and keep critical producers investing in capacity.
In this series, we’ve examined the technological advances that created the shale revolution, studied the public policy that accelerated those advances, and evaluated the current state of next-gen geothermal energy. What are the optimal policy interventions for commercializing next-gen geothermal?
Introduction On Friday, the Biden Administration announced that its October solicitation for crude oil had successfully closed with the acquisition of 2.7 million barrels of oil for delivery in January 2024, while simultaneously announcing a new 3-million-barrel solicitation for delivery in February. When DOE announced its strategy to open
This is the third piece in a joint series by Employ America and the Institute for Progress examining the potential to commercialize next-gen geothermal energy, the lessons we might learn from the shale revolution, and the federal policy changes needed to make it happen.
This is the second piece in Hot Rocks: Commercializing Next-Generation Geothermal Energy, a joint series by Employ America and the Institute for Progress, examining the potential to commercialize next-generation geothermal energy, the lessons we might learn from the shale revolution, and the federal policy changes needed to make it happen.
This piece is part of Hot Rocks: Commercializing Next-Generation Geothermal Energy, a joint series by Employ America and the Institute for Progress, examining the potential to commercialize next-generation geothermal energy.
A Joint Series from Employ America and Institute for Progress This piece introduces Hot Rocks: Commercializing Next-Generation Geothermal Energy, a joint series by Employ America and the Institute for Progress, examining the potential to commercialize next-generation geothermal energy, the lessons we might learn from the shale revolution, and the federal
Summary Since the passage of the Inflation Reduction Act, efforts to secure the supply of energy transition commodities have intensified considerably. The Biden Administration has announced prizes, research and development initiatives, and loans for recovery projects to improve the U.S. supply chain for critical minerals. Other advanced economies are