Tag: Crude Oil Export Ban
Op-ed: Taking long view of the Texas energy industry
“Texas is now poised to lead the US back into the global marketplace where our producers can compete with anyone, anywhere” – Craddick For 40 years, Texas oil producers were locked out of the global market, their West Texas Intermediate crude (WTI) instead stockpiled awaiting refinement as prices were artificially controlled. At the same time, […]
Effect of higher US crude oil exports estimated by EIA study
Lifting crude oil export bans could increase exports, but will have little effect on domestic gasoline prices A new study on the potential implications of allowing more crude oil exports finds that effects on domestic production are key to determining the other effects of a policy change, according to the U.S. Energy Information Administration. Gasoline prices […]
Lift American crude oil export ban now – Porter to Ag Committee
Crude oil export ban costs jobs, investment in Texas, other energy-producing states The American crude oil export ban is damaging the Texas economy and should be lifted immediately, Railroad Commission Chairman David Porter testified before the U.S. Agriculture Committee Wednesday. Porter emphasized how lifting the ban on crude oil exports would spur new American energy production, foster […]
Hey, the 70s are calling, they want their crude oil export ban back
Crude oil export ban should be lifted as part of new American energy strategy Why does America still have a crude oil export ban on its books? Shades of Jimmy Carter, enough already! Congress should get behind the Energy Supply and Distribution Act of 2015, a bill introduced Wednesday by Senators Murkowski and Heitkamp. “The 1970s-era ban […]
Ending American crude oil export ban good for refineries – study
“Under current policy, where U.S. crude oil exports are restricted, a significant amount of new refining capacity is built.” A new study from the US Energy Information Administration concludes that stopping the 1970s-era ban on crude oil exports would be very good for American refineries. In response to multiple requests over the past years, EIA […]
American crude oil export ban has to go
Crude oil export ban lowers prices received by American energy producers Alaska Senator Lisa Murkowski (R) says she will introduce a bill to end the 40-year-old domestic crude oil export ban. It’s about time. Murkowski was speaking at the 34th CERAWeek – an annual gathering of international energy experts and leaders in Houston, TX – and noted that many federal energy […]
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