Posted January 16, 2015
Columbia University Study: Lifting Oil Export Ban Would Cut Gasoline Prices
Bloomberg: Ending restrictions on U.S. crude exports could cut gasoline prices as much as 12 cents a gallon, a Columbia University study co-written by a former adviser to President Barack Obama has concluded.
Without the partial ban, domestic production might increase as much as 1.2 million barrels a day by 2025, making the U.S. more resilient to global supply disruptions, according to the study.
“Easing energy export restrictions does not raise gasoline prices for consumers,” Jason Bordoff, a former energy and climate adviser to Obama who is now director of the Center on Global Energy Policy at Columbia University, said in a telephone interview.
Read more: http://bloom.bg/1sGBd5r
More industry news:
- Deloitte Energy: U.S. Energy Renaissance, U.S. Shale More Resilient Than Many Think: http://deloi.tt/17PzmC5
- Editorial: Sign Keystone XL Legislation: http://bit.ly/155eDt6
- Editorial: The Opponents of Fracking, Keystone Pipeline Hurt Poor: http://bit.ly/1IQJBl6
- Letter: Let’s Rethink New Methane Policy: http://on.wsj.com/1wgj2id
- Positive Reviews on California Well Stimulation Rules That Include Fracking: http://bit.ly/1BCsMtZ
- Blog: Remove Artificial Barriers to Enhance Oil, Natural Gas Production: http://bit.ly/1Aoneir
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.