Energy Infrastructure
Energy EquipmentEnergy Infrastructure
Building and Serving an Energy Secure America


Media Room
Media Room » Energy Supply Chain Organizations Urge Lifting Crude Export Ban


Energy Supply Chain Organizations Urge Lifting Crude Export Ban
June 5, 2015

View/Download Supply Chain Letter to Senate



WASHINGTON, DC - Lifting the ban on U.S. crude oil exports would add up to 440,000 new energy supply chain jobs and $64 billion of additional GDP to the U.S. economy by 2018, according to a June 3 letter to the Senate Energy and Natural Resources Committee. The letter was signed by twenty national supply chain trade associations and one labor union.

Enabling crude oil exports, now prohibited by an obsolete law from the 1970s, would bring economic growth to all fifty states. This will stimulate the economies of local communities as it creates jobs and growth in the energy supply chain. The supply chain includes businesses and workers that provide construction, equipment, materials, logistics, professional services and information technology used in crude oil production. The letter stated that opening global markets to U.S. producers will support added energy production that will create hundreds of thousands of new jobs and contribute tens of billions of GDP dollars in the supply chain within the next few years. The projections are based on a new study by IHS Economics measuring the economic impact of lifting the ban on crude oil exports. That same study found that for every job gained or lost at the crude oil producer level, three jobs are gained or lost in the supply chain. The letter added that jobs are being lost and investments reduced because American producers are prevented from exporting American crude oil.

According to the letter, U.S. crude oil exports will also put downward pressure on domestic fuel prices, while providing Americas allies and trading partners with an alternative to obtaining energy supplies from unfriendly and unstable sources.

View/Download Supply Chain Letter to Senate


Did You Know?
View All Facts
Sign Up For EEIA News
ENTER YOUR EMAIL
 
We'll send you periodic updates and alerts.


About EEIA

What is EEIA?

EEIA Mission and Scope

Our Companies and People

Key Issues

All Forms of Energy

State-based Regulation

Liquefied Natural Gas (LNG) Exports

Tax Policy

Streamline Pipeline Permitting

Access to Offshore Resources

Access to Energy Resources on Federal Lands

Workforce Needs

Media

EEIA Leads Multi-Stakeholder Effort to Press Senate on FERC Confirmations

EEIA Urges Swift Senate Confirmation of FERC Nominees

Energy Industry Hits Back at USBancorp Over Anti-Pipeline Policy

EEIA Urges President to Green Light Dakota Access Pipeline

EEIA Launches Pipeline Support Network

EEIA, Supply Chain Allies Urge Congress to Adopt Common-sense Energy Policies

Obama Oil Tax Proposal to Cost Jobs, Raise Energy Prices

EEIA Applauds the End of Ban on Crude Oil Exports

Reps. Barton and Cuellar: The Most Substantial New Energy Policy in a Generation



©2017 Energy Equipment and Infrastructure Alliance Inc. | 601 Pennsylvania Ave., NW, Suite 900, Washington, DC 20004
Site by SDI WebLink | Terms and Conditions of Use