The debate over the crude oil export ban has gained increasing attention over the last several years with the surge in U.S. oil production and shifting consumer-producer and importer-exporter relationships. Even in the current low oil price environment, analysts and stakeholders see value in revisiting this policy. In addition to the economic considerations for lifting the ban, the foreign trade and security implications for doing so are attracting more attention. This event and the report seek to explore and highlight the foreign policy and security aspects of the U.S. crude oil export policy and a pragmatic approach to policy change.
Convened by Michèle Flournoy, the Co-Founder and CEO of CNAS, this conference featured an address by Senator Lisa Murkowski, Chair of the Senate Energy and Natural Resources Committee. Senator Murkowski. She discussed the crude export ban and her legislative plans relating to the export of energy and other energy issues. Additionally, a panel of experts, including Erica Downs, David Gordon, Bob McNally, Elizabeth Rosenberg, and Derek Scissors, discussed the changes to U.S. energy market fundamentals that now make the export of oil a relevant topic of public policy debate. They focused particularly on U.S.-Asia energy trade given the region’s energy demand, dependence on imported energy, and engagement in key trade negotiations with the United States.
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