Policy Documents

Ten Actions Congress Can Take to Lower Gas Prices

Nicolas Loris –
May 31, 2012

Abstract: President Obama and his Administration have consistently applied practices that block oil production on federal lands, denying access to energy sources and economic activity. Nevertheless, success stories on non-federal lands demonstrate the power of the free market to apply human ingenuity to natural resources and create economic growth and jobs while protecting the environment. Production on private and state lands is largely responsible for the increased oil production that President Obama frequently touts. On federal lands, production fell in FY 2011. Heritage Foundation energy policy analyst Nicolas Loris suggests there are at least 10 actions that Congress can take to remove barriers to oil production and supply, and to stimulate economic growth and job creation in both the near and long term.