The Future of U.S. Energy Security and Oil Export Policy
A webinar on the future of U.S. energy security hosted by the Energy Security Initiative (ESI) at Brookings Institution is now available on-demand at the Brookings website.
This event was the launch of ESI’s new report, “Changing Markets: Economic Opportunities from Lifting the U.S. Ban on Crude Oil Exports,” which looks at the economic and national security impacts of allowing U.S. crude oil exports based on a macroeconomic study contracted from National Economic Research Associates (NERA) Economic Consulting.
On its website, Brookings says that as unconventional oil and natural gas production in the United States skyrockets amidst increasing energy instability around the globe, the role of the United States in the global energy security landscape is changing. Countries such as China, India and Japan have looked to diversify their energy supply, offering a potential market for U.S. oil and gas exports. In the United States, intense debate has emerged around a decades-old ban on crude oil exports, with policymakers looking to balance the potential economic and security benefits of allowing free trade for crude oil with concerns about the role of fossil fuels in U.S. climate change mitigation.