Full Title: US Crude Oil Export Decision, Assessing the impact of the export ban and free trade on the US economy
Author(s): Mohsen Bonakdarpour, Sandeep Sayal, Curtis Smith, and Jamie Webster
Publisher(s): IHS Economics
Publication Date: June 1, 2014
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Description (excerpt):
Rapidly increasing crude oil production and limited refining capacity for these types of crudes are raising questions about the current US policy of banning crude oil exports. This report assesses the impact of a change in export policy—to free trade—and compares it to the impact of maintaining the current restrictive trade policy. The analysis also examines the historical context in which current export policy was developed in the 1970s and identifies how the world oil market—and the US position in it—has changed significantly since that time.