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 compelling case for lifting America’s decades-old ban on exporting domestic crude oil is multi-faceted: Economic – NERA Economic Consulting estimated that lifting the ban could add $200 billion to $1.8 trillion to the U.S. economy between now and 2039. Consumers – A variety of studies indicate that lifting the ban could lower prices at… Keep reading →
Ever wonder how oil drilled out of the ground reaches your car and home products, check out this infographic to find out and more! View post on imgur.com Courtesy of Aries Residence Suites.
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.
The more the 50 percent crude oil price decline since July 2014 has impacted oil and gas industries throughout the supply chain and reignited energy policy debates at federal and state levels. Light, sweet oil has accounted for the majority of the domestic production increase over the last eight years, but since U.S. refiners are… Keep reading →
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Apparently not content with the four Pinocchios he recently earned from the Washington Post for statements on the Keystone XL pipeline, President Obama last week put in a bid for five with remarks aimed at the project’s environmental impact. At an appearance in South Carolina, the president termed “extraordinarily dirty” the methods used to develop… Keep reading →
The 114th Congress convened January 3 with energy at the top of its agenda. Both the House and the Senate kicked off the new session with approval of the Keystone XL Pipeline. That was just the start. Senator Lisa Murkowski (R-AK), the new Chairwoman of the Senate Energy Committee, has promised comprehensive energy legislation based on her Energy 2020 agenda.
Merry go round. Credit Shutterstock According to research by the Cologne Institute for Economic Research (Institut der Deutschen Wirtschaft Koeln) energy imports should not be “understood as a threat to the security of energy supply and an economic disadvantage” per se. The study – “Does Dependency Equal Vulnerability? Energy Imports in Germany and Europe” commissioned… Keep reading →
