Assessing the Economic Impact of U.S. Oil Export Policy in a Low Price Environment
As part of our ongoing assessment of the impact of low oil prices and policy on the sustainability of domestic energy production, the CSIS Energy and National Security Program hosted Dan Yergin, Kurt Barrow and Rick Bott of IHS. They presented their most recent analysis looking at the oil export question in light of the fall in oil prices and the impact on investment and in terms of the supply chains in the non-oil producing states. The analysis considers 60 separate supply chain industries and provides granular impact analysis to fully understand the economic and job growth impact across the nation. Frank Verrastro, Senior Vice President and James R. Schlesinger Chair for Energy and Geopolitics at CSIS, moderated.
The fall in oil prices in 2014 has triggered new questions about sustainability of production both in the United States and across the globe. The future of U.S. unconventional production in particular has become a focus of intense interest, leading to further debates on U.S. policies. Perhaps the most significant debate in this context is the one surrounding U.S. crude oil exports. How will the ban affect the economics of U.S. production in a low oil price environment? What impact would the lifting of the ban have?
IHS Vice Chairman
IHS Vice President of Oil Markets & Downstream