View full document [pdf]
Horizontal drilling and fracking are transforming global energy production, consumption, and trade leading to a surge of domestic production in the United States. Free exports of liquefied natural gas, crude oil, and other energy products are an essential complement of US international economic policy, which has long advocated free trade in raw materials, unconstrained by export barriers or restrictions. The Obama White House should prod the Department of Energy, the Department of Commerce, the Federal Energy Regulatory Commission, and other agencies to speed up their approvals of such exports. Short of lifting full restrictions on crude oil exports, the Department of Commerce should build on its recent exemptions for ultralight oil condensate and exempt light crude oil from the current export prohibitions with determination that sales to Europe are consistent with the US national interest.
Data disclosure: The data underlying this analysis are available here [xlsx].
Policy Brief 11-10: America’s Energy Security Options June 2011
Working Paper 10-6: Toward a Sunny Future? Global Integration in the Solar PV Industry May 2010
Policy Brief 09-19: The 2008 Oil Price "Bubble" August 2009
Paper: China Energy: A Guide for the Perplexed May 2007
Policy Brief 09-17: The Economics of Energy Efficiency in Buildings August 2009
Testimony: Structuring a Green Recovery: Evaluating Policy Options for an Economic Stimulus Package January 15, 2009
Policy Brief 09-18: Setting the NAFTA Agenda on Climate Change August 2009
Article: German Leadership and the Pursuit of Energy Security in a Global Economy December 2006
Paper: The Russian Economy: More than Just Energy? April 2009
Speech: Energy Security through Diversity March 23, 2010
Speech: Oil Markets: Principles, Perceptions, and Prices July 29, 2008
Speech: Managing Energy Insecurity February 23, 2005