OEF Rapid Review Articles
The oil tanker that left the Port of Corpus Christi, Texas, late last week is the bearer of the first freely traded U.S. crude in about four decades – made possible by congressional legislation that President Obama signed to end a 1970s-era ban on exports. It’s a new day indeed.
The potential benefits of exporting oil are significant for U.S. security, trade, energy production and consumers:
. Creation of up to 300,000 jobs in 2020, according to an ICF International study.
. An increase of $38.1 billion in U.S. GDP in 2020, ICF says.
. Increased domestic oil production of up to 500,000 barrels per day by 2020.
LINK TO THE SOURCE ARTICLE:
Exports: A new day for US energy
LINK TO THE SOURCE ARTICLE:
Exports: A new day for US energy