American Energy Continues to Generate Opportunity
Posted July 24, 2014
Let Our Oil and Gas Go: America Should Rescind the Ban on Crude Oil Exports
The New York Times (Steven Rattner): As a young reporter covering energy for The New York Times, I saw firsthand the distortions and inefficiencies caused by the web of regulations that followed the Arab oil embargo of 1973-74, and the resulting surge in gasoline prices.
So I shared in the frisson of excitement last month when the Commerce Department cleared two Texas companies to export an ultralight, processed form of oil called condensate. It seemed like a step toward relaxing the ban on the export of crude oil, the biggest stricture remaining from the ’70s energy crisis.
But then the Obama administration quickly insisted that the Commerce Department, in narrowing the definition of crude oil so that condensate could be exported, was not about to lift the ban more widely. “There has been no change to our policy on crude oil exports,” a White House spokesman said.
That’s unfortunate, because America’s renewed hydrocarbon boom could be even more robust if we eased outdated restrictions on shipping both crude oil and liquefied natural gas overseas.
Read more: http://nyti.ms/UqOeju
More industry news:
Cove Point LNG Export Facility Gains Another Approval: http://wapo.st/1z969KY
U.S. Petroleum Refineries Running at Record Levels: http://1.usa.gov/1pNb3aI
Pipeline to Carry Natural Gas Liquids from Ohio to Texas Moving Forward: http://bit.ly/1x17fpb
Illinois Fracking Supporters Want State to Get Moving on Development: http://bit.ly/1jXoRS2
Wyoming Sees Steady Growth in Oil Production: http://bit.ly/1pN6rBA
Letter: Opportunity in North Dakota Oil Patch: http://bit.ly/1nEQvEr
Opinion: Why We Live Here – in Grand Junction, Colo.: http://bit.ly/1jXoxmq
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
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