From the American Petroleum Institute today:
WASHINGTON, March 31, 2014 ─ A new study shows that exports of crude oil could create up to 300,000 additional U.S. jobs in 2020 and shave billions off fuel costs for consumers, said API Vice President for Regulatory and Economic Policy Kyle Isakower on a conference call today.
“Consumers are among the first to benefit from free trade, and crude oil is no exception,” said Isakower. “Gasoline costs are tied to a global market, and this study shows that additional exports could help increase supplies, put downward pressure on the prices at the pump, and bring more jobs to America. Access to foreign customers could drive significant investment in U.S. production, helping to strengthen our energy security. Now that the U.S. is poised to become the world’s largest oil producer, the economic case for exports is clear.”
The new report was conducted by ICF International and EnSys Energy. It suggests that if current restrictions on crude exports were lifted:
“This is a new era for American energy, but our energy trade policies are stuck in the 1970s,” said Isakower. “The U.S. and China are the only major oil producers in the world that don’t export a significant amount of crude. It’s time unlock the benefits of trade for U.S. consumers and further strengthen our position as a global energy superpower.”
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.