Crude Oil Exports: A View from the 114th Congress
An analysis by June DeHart, published in Environmental Leader, discusses the prospects of Congress lifting the ban on crude oil exports.
The industry itself is divided into two camps and specific regional and environmental interests are fully engaged in the debate, she writes.
“Fracking, horizontal drilling and the shale oil revolution have the U.S. on track to overtake Russia and Saudi Arabia as the leading crude oil producer in the world,” the report says. “The U.S. Energy Information Administration (EIA) recently reported that it expects US crude production in 2016 to be close to the record level of 9.6 million barrels per day set in 1970. As a result, the policy battles have begun in the Congress and the groundwork is being laid by both proponents and opponents.”
