IHS CERAWeek: Murkowski to ask EIA for analysis of US oil exports

US Sen. Lisa Murkowski (R-Alas.) told IHS CERAWeek participants on Mar. 3 that she plans to ask the US Energy Information Administration for an economic analysis regarding the lifting of the ban on crude oil exports.

She also called for a streamlining of regulations on condensate, condensate export permits, and more action by the administration regarding crude oil exports, specifically a determination by President Barack Obama that oil exports are in the national interest.

“Timing with legislation is everything so we need to be doing the legwork with the Senate Energy Committee,” Murkowski said.

Citing robust oil and gas production from US shale plays, Murkowski said US oil exports could provide a level of greater global economic stability.

“We need to view our energy as an asset for global stability,” she told reporters during a news conference after her speech. “The oil market is clearly a global market.”

In addition, the administration needs to deal with some of the regulatory hurdles that are put on federal lands, Murkowski said, noting that 62% of Alaska is federal land. She advocates increased access to oil and gas on federal land.

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