Commentary: Congress Should Repeal Oil Export Ban - Topic A: Energy
Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
February 9, 2016

Commentary: Congress Should Repeal Oil Export Ban

Thomas Tunstall, research director of the University of Texas at San Antonio Institute for Economic Development, writes in the Wall St. Journal: “The unexpected increase in the production of shale oil, a light oil called condensate and natural gas in the U.S. has upended many assumptions about the U.S. energy market. As the oil and gas bonanza continues, the U.S. ban on crude-oil exports looks increasingly outdated, arbitrary and economically damaging. With Europe poised to endanger its gas supply by imposing more sanctions on its major supplier Russia, the possibility of energy exports from America takes on an important security dimension too.”

“Thanks to fracking and other unconventional shale-extraction technology, natural gas is the biggest energy story in the U.S. now. In the early 2000s, natural-gas pipeline companies—such as Cheniere and Freeport LNG—spent billions on import facilities as U.S. production decreased, to less than 19 trillion cubic feet in 2005 from roughly 22 trillion cubic feet in 1970.”

The piece concludes: “The misalignment between the ever-increasing supply of light U.S. oil and the underutilized heavy-crude facilities on the Gulf Coast suggests that the 40-year ban on oil exports has outlived its usefulness. Congress would be wise to repeal it.”

Categories: Commentary

Comments (13)

  1. Anonymous

    July 7, 2015
    11:15 a.m.

    I love it when people come together and share opinions, great blog, keep it up.

  2. Anonymous

    July 9, 2015
    5:31 a.m.

    As a Newbie, I am permanently browsing online for articles that can benefit me. Thank you

  3. Anonymous

    July 18, 2015
    5:08 a.m.

    I’ve read a few good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to make such a excellent informative web site.

  4. Anonymous

    July 19, 2015
    10:35 a.m.

    It is really a nice and useful piece of info. I am glad that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.

  5. Anonymous

    July 21, 2015
    2:48 a.m.

    Hey there! I’m at work surfing around your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the excellent work!

  6. Anonymous

    July 24, 2015
    7:43 a.m.

    I don’t normally comment but I gotta state regards for the post on this one : D.

  7. Anonymous

    July 24, 2015
    7:23 p.m.

    Sweet web site, super pattern, very clean and apply friendly.

  8. Anonymous

    July 25, 2015
    7:40 a.m.

    We stumbled over here different website and thought I might as well check things out. I like what I see so now i’m following you. Look forward to finding out about your web page yet again.

  9. Anonymous

    July 25, 2015
    7:20 p.m.

    I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  10. Anonymous

    July 30, 2015
    4:06 p.m.

    I really like your writing style, excellent info, regards for putting up :D. “In every affair consider what precedes and what follows, and then undertake it.” by Epictetus.

  11. Anonymous

    July 31, 2015
    4:35 p.m.

    Would love to incessantly get updated great blog! .

  12. Anonymous

    Aug. 2, 2015
    2:23 p.m.

    Hiya! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in exchanging links or maybe guest authoring a blog article or vice-versa? My blog addresses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you might be interested feel free to shoot me an e-mail. I look forward to hearing from you! Superb blog by the way!

  13. Anonymous

    Aug. 6, 2015
    8:45 a.m.

    Some truly good info , Gladiola I noticed this.

Sign In

Forgot password?



Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...