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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.
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Test your knowledge on trade in North America and how we compare to trade groups world-wide.
Reflections on the Economic Legacy of President George H.W. Bush
President George H.W. Bush provided peerless leadership in addressing the economic challenges of his time and laid the foundation for unprecedented prosperity over the two decades following his Administration.
Promoting Inclusive Urban Growth: A Call To Action
Many U.S. cities face growing challenges in building economies in which each generation lives better than the one before. Learn what steps city councils, businesses, and nonprofits can take to course correct.