Energy Tomorrow Blog
Energy Exports and Global Leadership
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Mark Green
Posted May 6, 2015
BloombergBusiness: The U.S. will become one of the world’s largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.
America would be capable of sending as much as 2.4 million barrels a day overseas in 2025 if federal policy makers were to eliminate restrictions on most crude exports, an analysis by Turner, Mason & Co. for the Energy Information Administration shows. That would make the U.S. the fourth-largest oil exporter, behind Saudi Arabia, Russia and the United Arab Emirates, based on 2013 EIA data. The report assumes domestic output rises by 7.2 million barrels a day from 2013.
The analysis is part of a series of studies the U.S. government is performing following a 71 percent surge in domestic oil production over the last four years. Drillers including Harold Hamm of Continental Resources Inc. and John Hess of Hess Corp. have been calling on the government to lift the ban on crude exports as they pump more light oil out of shale formations from North Dakota to Texas.
Carbon, Copy
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Mark Green
Posted August 22, 2011
Driving Oil Sands
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Sabrina Fang
Posted August 22, 2011
The Pipeline Protest - Minus the Pipeline Protest
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Mark Green
Posted August 16, 2011
And The Answer Is ... Energy
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Mark Green
Posted August 15, 2011
The Jobs Pivot
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Mark Green
Posted August 9, 2011
The Canadian Oil Sands Tourist - Part 2
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Sabrina Fang
Posted August 5, 2011
Canada Beckons
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Mark Green
Posted August 5, 2011
The Canadian Oil Sands Tourist - Part 1
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Sabrina Fang
Posted August 4, 2011
Oil Sands and a Lush Meadow
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Mark Green
Posted August 4, 2011