Energy

If inflation feels virtually nonexistent to some, that may soon change. The May CPI release showed a much slower pace of price increases than expected. Some of that reflects lagged effects to housing components of inflation relative to events that transpired 2-3 years ago. And it is also true that

Executive Summary Congress is considering raising the tax burden on electricity investment and production supported through tax credits (ITC & PTC) enacted in the Inflation Reduction Act of 2022 (IRA). These provisions support building generation capacity across a range of sources, including nuclear, geothermal, energy storage, wind, solar, and hydro,

This is the fourth post in our multi-part series on the Fed's 2025 framework review. Part 1 discusses how the Fed can deal with tariff inflation risks, Part 2 discusses the implications of recent productivity dynamics, and Part 3 discusses the Fed's inflation and supply shock

Many thanks to Pavan Venkatakrishnan, James Hewett, and Alex Turnbull for their thoughtful contributions to this piece. Introduction The House Ways and Means Committee has proposed rescinding hundreds of billions of dollars in energy tax credits established by the Inflation Reduction Act (IRA). One critical — and largely overlooked — casualty of

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.

While the Inflation Reduction Act (IRA) has already successfully catalyzed investment, there is still more that it can do. Complementary policies addressing price volatility and supply chain vulnerability, as well as permitting reform and other policies, will be needed.

A “Strategic Resilience Reserve” (SRR) could follow the model of the Federal Reserve’s efforts to address financial stability risk: aiming to prevent crises, and reducing harm when they occur.

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