America’s Energy Future: The Impact of the Ban on Crude Oil Exports

September 15, 2015, 4:45 a.m.
Union Station Columbus Club
50 Massachusetts Avenue, NE

Add to Briefcase

On­go­ing de­lib­er­a­tions in the U.S. Con­gress over a pro­posed Ir­an deal have once again placed the spot­light on ef­forts to end the 40-year-old U.S. ban on ex­port­ing crude oil. Most Re­pub­lic­an and some Demo­crat­ic law­makers are of the opin­ion that Amer­ica’s new po­s­i­tion as the world’s lead­ing oil pro­du­cer ne­ces­sit­ates the lift­ing of a ban that took ef­fect as a res­ult of the Ar­ab oil em­bargo of the 1970s. Pro­ponents ar­gue it will boost do­mest­ic oil pro­duc­tion, stim­u­late the eco­nomy and cre­ate more jobs. En­vir­on­ment­al­ists are con­cerned it will only be­ne­fit the oil and gas in­dustry. Some re­finers fear this will raise oil prices. Oth­ers say this move could harm na­tion­al se­cur­ity.


Na­tion­al Journ­al’s for­um with Demo­crat­ic and Re­pub­lic­an law­makers ex­plored the build­ing mo­mentum around this is­sue. We posed ques­tions such as: will lift­ing the ban make Amer­ica more com­pet­it­ive or will it in­crease green­house gases by pro­mot­ing oil ex­plor­a­tion? Will it raise en­ergy prices, even though re­cent stud­ies pre­dict a drop in fuel prices as a res­ult of more Amer­ic­an oil in the mar­ket? Where does the Ad­min­is­tra­tion stand on the is­sue and what about the con­cerns of some groups that the eas­ing of re­stric­tions will res­ult in jobs be­ing shipped over­seas?

The Honorable Heidi Heitkamp (D-ND), Ranking Member, U.S. Senate Subcommittee on National Security and International Trade and Finance
The Honorable John Hoeven (R-ND), Member, U.S. Senate Energy and Natural Resources Committee
The Honorable Ed Markey (D-MA), Member, U.S. Senate Committee on Commerce, Science, and Transportation
Moderator: Ben Geman, Energy and Environment Correspondent, National Journal
Underwriter

America's Energy Future Slideshow

Poppy MacDonald, President and Publisher, National Journal, gives welcome remarks at “America’s Energy Future: The Impact of the Ban on Crude Oil Exports” Forum on September 15th, 2015.
Jack Gerard, President and Chief Executive Officer, American Petroleum Institute, delivers remarks on behalf of the forum’s underwriter.
The Honorable Heidi Heitkamp (D-ND), Ranking Member, U.S. Senate Subcommittee on National Security and International Trade and Finance, delivers keynote remarks.
The Honorable Heidi Heitkamp (D-ND) joins moderator Ben Geman, Energy and Environment Correspondent, National Journal, to discuss the ban on crude oil exports.
The Honorable Ed Markey (D-MA), Member, U.S. Senate Committee on Commerce, Science, and Transportation, delivers keynote remarks.
The Honorable Ed Markey (D-MA) sits with moderator Ben Geman for a one-on-one interview.
The Honorable John Hoeven (R-ND), Member, U.S. Senate Energy and Natural Resources Committee, delivers keynote remarks.
The Honorable John Hoeven (R-ND) answers questions from moderator Ben Geman.

This event has already ended

×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login