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Category: ExportBan

Lift oil-export ban and build more pipelines

June 16, 2015 Posted by Chris Wysong

Chris Lafakis of Moodys Analytics gives his argument for lifting the crude export ban and building more pipelines that would pipe oil from the middle of the country to coastal refineries. Lift oil-export ban and build more pipelines By: Chris Lafakis (Philly.com) The U.S. shale revolution has created jobs, improved the balance of trade, spurred billions of dollars of both foreign and domestic investment, reduced carbon emissions, and lowered oil and gas prices. And from the shale gas fields in Williamsport to the refineries in the Philadelphia region, new energy technologies have had a profound local impact. This revolution could do even more if the United States allowed crude oil exports and expanded its pipeline system. There has been a ban on U.S. crude oil exports since the 1973 Yom Kippur War, though domestic refiners are free to export gasoline and other petroleum products. Lifting this ban would amplify the benefits of the energy revolution at little cost. However, removing

Posted in Oil, Crude, Policy, ExportBan
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