US Crude Oil Exports
A new state-by-state analysis shows that 18 U.S. states could gain over 5,000 jobs each in 2020 from exports of U.S. crude oil. The U.S. is poised to become the world’s largest oil producer, and access to foreign customers will create economic opportunities across the country.
U.S. Energy Secretary Ernest Moniz, Executive Director of the International Energy Agency Maria van der Hoeven and many other experts have called for lifting the restrictions against the export of U.S. crude oil.
Lifting the 1970’s-era restrictions on U.S. crude oil exports would lead to further increases in domestic oil production, resulting in lower gasoline prices while supporting nearly 1 million additional jobs at the peak.