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Category: OilExports

Exporting U.S. Crude Oil is a Moral Obligation

By Chris Wysong
June 12, 2015 Category: Policy, CrudeExports, OilExports, Oil, Crude

The economic benefits of exporting crude oil seem obvious, but Forbes Jude Clemente weighs in on how adequate energy supplies can solve major problems in undeveloped countries. Exporting U.S. Crude Oil is a Moral Obligation By: Jude Clemente (Forbes) CO2 is not emitted in a socioeconomic vacuum. CO2 is emitted as the inevitable by-product of combusting fossil fuels, sources that makeup 85% of the worlds energy economy. We must therefore strike a balance in the equation both an assessment of the dangers posed to the atmosphere by CO2 emissions and the powerful benefits created by the energy usage that results in these emissions. Through much of the 20th and now the 21st centuries, the ascension from poverty begins as countries build electricity networks based on fossil fuels and construct extensive petroleum-based transportation infrastructure. These systems achieve immense economies of scale that provide immense amounts of energy at low cost. Such abundant and reliable supplies of

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