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End the Crude Oil Export Ban

Author(s): Senator Lisa Murkowski (R – AK)
United States Senator, State of Alaska
Chairman, Senate Energy and Natural Resources Committee
Date: May 5, 2015 at 9:00 AM

Some of America’s oldest allies are heavily reliant on unappealing sources of oil and our nation’s resource abundance places us in a position to render vital assistance. The International Energy Agency estimates that in 2012 the United Kingdom depended on Russia for 12 percent of its crude oil imports, a relatively modest proportion when compared to the Netherlands (31 percent) and Poland (96 percent). All told, Russian oil accounts for approximately one-third of European Union imports. Meanwhile, Italy receives some 21 percent of its imported crude from Libya, and other key partners — India, Japan, and South Korea — bank… [more]

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