More than eight months after restrictions on exporting domestic crude oil were lifted, the U.S. Energy Information Administration (EIA) reports that U.S. crude exports are on the rise and are heading to a variety of destinations. First, the surge in exports since restrictions were lifted: And the destinations for those exports (other than Canada): EIA:… Keep reading →
In a political year it’s possible some may try to politicize tax policy as it pertains to the oil and natural gas industry. Let’s start with some facts on energy and taxes: The tax treatments industry receives are not subsidies, as often is claimed by some. Deductions available to our industry are similar to those… Keep reading →
Since the removal of restrictions on exporting U.S. crude oil in December 2015, the number of countries receiving exported U.S. crude has risen sharply.
At this year’s State of American Energy event, we highlighted the impact of energy policy on the lives and livelihoods of families and businesses in every state. The connection between policy and pocketbooks is evident after a year in which Americans saved an average $550 per driver on gasoline, due largely to strong U.S. oil… Keep reading →
As we write, the United States is once again an exporter of crude oil. Sure, in the past the federal government has allowed limited crude exports. The oil tanker that left the Port of Corpus Christi, Texas, late last week is the bearer of the first freely traded U.S. crude in about four decades –… Keep reading →
2015 ends on a high note for U.S. energy policy as Congress voted to repeal the obsolete, ‘70s-era ban on crude exports. Dozens of studies agree that lifting the restrictions will put downward pressure on gas prices, reduce the trade deficit, and provide a boost to economic growth and U.S. energy production. Throughout the year,… Keep reading →
Congress abolished the 40-year ban on oil exports this past week, a victory for oil companies and conservatives that few thought conceivable until recently. [WSJ] The Senate has passed a much-anticipated bill proposing broad reforms to an existing chemical safety law — one which environmentalists have long argued puts the American public at unnecessary risk… Keep reading →
On December 15, 2015, U.S. congressional leaders announced a year-end budget compromise that removes the ban on the export of crude oil from the United States.
That Congress soon may act to end the United States’ 40-year-old ban on domestic crude oil exports is signaled in the number of reports and posts on exports-related themes. The Wall Street Journal has a report that says talk of lifting the export ban is narrowing the difference between U.S. and global crude prices. The… Keep reading →
With a unanimous City Council vote, San Diego, has become the largest American municipality to transition to using 100 percent renewable energy. [The NY Times] Congressional negotiators scrambled to bridge energy policy differences and strike a deal for a $1.15 trillion spending bill. [Yahoo News] Even after a steady drop in energy prices through the… Keep reading →
