Full Title: The Case for Exports: America's Hydrocarbon Industry Can Revive the Economy and Eliminate the Trade Deficit
Author(s): Mark P. Mills
Publisher(s): Manhattan Institute
Publication Date: May 1, 2013
Full Text: Download Resource
Description (excerpt):
The world has changed since the passage of the 1975 Energy Policy and Conservation Act, a law that set the tone for energy policy for nearly a half-century. Technology and demographics have eviscerated old ideas of limits and import dependency. Given the new abundance, the United States now has the opportunity to become a major energy exporter. To ensure and accelerate all the economic, employment, and geopolitical benefits from America’s hydrocarbon capabilities, the U.S. government should immediately: approve any and all qualified entities seeking to export natural gas; approve the Keystone XL pipeline, allowing Canadian crude to replace Venezuelan imports; and direct the Department of Commerce to approve any application to export crude oil, which is illegal under current law.