Moniz: Oil Industry Hasn’t Made Case for Crude-Oil Export

LAS VEGAS, NV - AUGUST 13: U.S. Secretary of Energy Ernest Moniz speaks during the National Clean Energy Summit 6.0 at the Mandalay Bay Convention Center on August 13, 2013 in Las Vegas, Nevada. Political and economic leaders are attending the summit to discuss a domestic policy agenda to advance alternative energy for the country's future. 
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Ben Geman
March 5, 2014, 11:01 a.m.

HOU­S­TON ““ En­ergy Sec­ret­ary Ern­est Mon­iz said Wed­nes­day that oil com­pan­ies have not done a good job ex­plain­ing why they be­lieve heavy fed­er­al re­stric­tions on crude-oil ex­ports should be lif­ted.

“I don’t think in­dustry has done a good job clearly and con­cisely stat­ing the case,” Mon­iz said at a ma­jor en­ergy con­fer­ence here.

He weighed in as in­dustry of­fi­cials, in­clud­ing ma­jor oil com­pan­ies such as Ex­xon and Chev­ron, are press­ing to lift the near-ban on crude-oil ex­ports im­posed in the wake of the 1970s Ar­ab oil em­bargo.

Mon­iz, speak­ing at the big IHS CER­AWeek con­fer­ence, noted that his de­part­ment does not handle crude-oil ex­port li­censes, but he has pre­vi­ously said the En­ergy De­part­ment can provide tech­nic­al in­put to the Com­merce De­part­ment.

The sec­ret­ary said the in­dustry could do bet­ter at ex­plain­ing what the “drivers” for ex­ports are and what the im­plic­a­tions would be, es­pe­cially giv­en that the U.S. still im­ports roughly five mil­lion bar­rels per day.

Mon­iz said there are a “com­plic­ated set of factors” that must be con­sidered on in­fra­struc­ture, trans­port and oth­er top­ics.

“There are a lot of ques­tions that have not been ad­dressed in a clear way,” he said.

The En­ergy De­part­ment’s in­de­pend­ent stat­ist­ic­al arm, called the En­ergy In­form­a­tion Ad­min­is­tra­tion, is con­duct­ing a wide-ran­ging look at the top­ic, EIA Ad­min­is­trat­or Adam Siemink­si said Tues­day.

COR­REC­TION: A pre­vi­ous ver­sion of this story in­cor­rectly spelled the name of EIA Ad­min­is­trat­or Adam Siem­in­ski.


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