Assessing the Impacts of Lifting the Ban on U.S. Crude Oil Exports
Over the last 5 years, the dramatic increase in U.S. oil production, especially light, tight oil from unconventional plays, has caused U.S. imports of foreign oil to plummet. As domestic production continues to grow, however, there is a growing concern about a possible mismatch between the U.S. refining capability and the lighter quality characteristics of these unconventional plays. This has lead to a revisiting of the the U.S. policy which prohibits export of crude oil (with some exceptions).
As the export debate sharpens, a number of studies have been commissioned to explore the implications of retaining, relaxing, or removing the existing barriers to crude oil exports. CSIS convened a session exploring the infrastructure and regulatory barriers to exports and an additional session on the crude oil export issue specifically. We are now pleased to invite you to attend our upcoming session featuring the recent analysis completed by IHS Global, assessing the impact of the export ban and free trade on the U.S. economy.
Presenting the findings of the IHS analysis will be Dr. Daniel Yergin, Vice Chairman of IHS, and Kurt Barrow, Vice President for Oil Markets and Downstream at IHS. . Following the presentation, Frank Verrastro, Senior Vice President and the James R. Schlesinger Chair for Energy and Geopolitics at CSIS, and Kevin Book, Managing Director at ClearView Energy Partners will provide commentary on the report and discuss the policy implications of the export decision. The session will conclude with a Q/A session. Guy Caruso, Senior Adviser with the CSIS Energy and National Security Program, will moderate the discussion.