Posted March 25, 2015
New Rice Study Supports Lifting Ban on U.S. Oil Exports
Rice University: Lifting the 40-year-old export ban on U.S. crude oil would have far-reaching effects on pricing, energy security and energy sector investment, according to new research from the Center for Energy Studies at Rice University’s Baker Institute for Public Policy in Houston.
The study, “The US Crude Oil Export Ban: Implications for Price and Energy Security,” was presented today at a news conference at the National Press Club in Washington, D.C., by Kenneth Medlock, the center’s senior director and the paper’s author.
Medlock’s research assessed a wide range of crude oil prices, from $30 per barrel to $150 per barrel, whereas previous studies looked a narrow range of high prices only. This, along with the fundamental approach taken in the study, distinguishes it from previous studies. The study highlights, among other things, the importance of addressing this policy issue even in the current low-price environment.
Read more: http://bit.ly/1LYH7Ib
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ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.