The United States could create nearly a million jobs and lower its domestic energy bills if it ended its crude oil export ban, two reports said on Thursday.
Both the American Petroleum Institute—which represents oil producers—and research firm IHS made the case for the U.S. shipping some of its oil supplies abroad, even as consumers struggle with higher prices at home.
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Oil tanker at the Port of Long Beach, Calif.
The API study predicted broad-based economic gains if the oil ban were lifted, repeating its assertion that exporting oil would economically benefit not only oil-producing states but other states as well. The restrictions originally came about during the energy crises of the 1970s. (Since then, the Commerce Department has made exceptions for certain types of oil, but they amount to a total of fewer than 100,000 barrels per day in exports, according to data from the Energy Information Administration.)
"There are significant consumer benefits to exporting crude," Kyle Isakower, API's vice president for regulatory and economic policy, said on a conference call with reporters. "There is a growing realization that this is a new era for American energy."
Sumber : http://www.cnbc.com/id/101713924
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