The proliferation of natural gas and crude oil produced from U.S. shale deposits also created a bonanza of natural gas liquids (NGL). NGLs account for around 20 percent of U.S. natural gas production by volume at the wellhead, with ethane being the largest fraction. This surplus of ethane could lead to increased exports of the… Keep reading →
We’ve stressed the economic benefits of lifting the ban on U.S. crude oil exports – GDP growth, job creation and consumer savings – because they’re considerable and would affect virtually every American in a positive way. No less important are the benefits for American security and foreign policy from letting U.S. crude trade freely in… Keep reading →
Republican politicians are increasing their efforts to lift the ban on oil exports, arguing the recent surge in domestic-energy production has made the ban redundant. [Fox] Asian government leaders are panning to combat their energy deficit and the effects of climate change by shifting toward renewable energy. [CNBC] The Interior Department has announced proposed a new… Keep reading →
The ban on the export of domestic crude oil dates back to a time when members of Congress did not have computers and Richard Nixon was president. Much has changed in the past 40 years. Today, that antiquated law is severely restricting the nation’s energy policy and damaging the integrity of American foreign policy.
Sen. Lisa Murkowski (R-AL), the chair of the Senate Energy and Natural Resources Committee, has announced that she will introduce a bill to end the 40-year-old ban on exporting crude oil.
