U.S. Crude Oil Export Policy: Background and Considerations

Brown, Phillip ; Pirog, Robert ; Vann, Adam ; Fergusson, Ian F. ; Ratner, Michael ; Ramseur, Jonathan L.

Library of Congress. Congressional Research Service.

关键词: Oil well drilling;    Oil and gas law;    Oil pollution;   

RP-ID  :  R43442
RP-ID  :  R43442_2014Dec31

美国|英语

来源: UNT Digital Library

【 摘 要 】

The crude oil export policy debate has multiple dimensions and complexities. As U.S. light tight oil (LTO) production has increased--along with additional oil supply from Canada--certain challenges have emerged that affect some oil producers and refiners. While the economic arguments both for and against U.S. crude oil exports are quite complex and dynamic, there are some fundamental concepts and issues that may be worth considering during debate about exporting U.S. crude oil.This report provides background and context about the crude oil legal and regulatory framework, discusses motivations that underlie the desire to export U.S. crude oil, and presents analysis of issues that Congress may choose to consider during debate about U.S. crude oil export policy.