Watching Government: Crude export policy questions

06/16/2014
It was easy to wonder if anything new could be said at the Center for Strategic and International Studies' June 9 forum about possible impacts of lifting the ban on US crude oil exports. Since it was a roomful of experts in Washington, the answer quickly became apparent. The discussion centered on a report issued by IHS Energy in late May. Its authors frankly admitted they'd reached conclusions similar to those in two other groups' earlier studies: Lifting the ban would increase US crude production by 3 million b/d and add nearly $750 billion of investments. The increased global supplies would lower global oil and US gasoline prices. At its peak, higher US production would create 1 millio...
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