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Should Washington Lift the Ban on Crude Oil Exports?
It’s hard not to pick up a paper today and read about America’s energy boom, whether from shale gas or crude oil.
As one example of the boom, U.S. crude oil production is projected to hit about 10 million barrels a day by the middle of this decade. That would be up from about 6.5 million barrels a day last year.
With such production going on, some producers would like to see the U.S. lift the ban Washington put on exporting our crude oil. That ban came in response to the Arab oil embargo of 1973, when Mideast producers cut off supplies to the U.S. and Europe.
In this video, Bernard Weinstein, a fellow in economics at the Bush Institute and associate director of the Maguire Energy Institute at Southern Methodist University, talks about this possible policy shift. Weinstein also is an adjunct professor of business economics in the Cox School of Business at SMU.
William McKenzie is editorial director for the George W. Bush Institute, where he also serves as editor of The Catalyst: A Journal of Ideas from the Bush Institute.
Active in education issues, he co-teaches an education policy class at SMU’s Simmons School of Education and Human Development. He also participates in the Bush Institute’s school accountability project.
Before joining the Bush Institute, the Fort Worth native served 22 years as an editorial columnist for the Dallas Morning News and led the newspaper’s Texas Faith blog. The University of Texas graduate’s columns appeared nationwide and he has won a Pulitzer Prize and commentary awards from the Education Writers Association, the American Academy of Religion, and the Texas Headliners Foundation, among other organizations. He still contributes columns and essays for the Morning News and The Weekly Standard.
Before joining the News in 1991, he earned a master’s degree in political science from the University of Texas at Arlington and spent a dozen years in Washington, D.C. During that time, he edited the Ripon Forum.
McKenzie has served as a Pulitzer Prize juror, on the board of a homeless organization, and on governing committees of a Dallas public school. He also is an elder of the First Presbyterian Church in Dallas, where he lives with his wife and their twin children.Full Bio
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