<blockquote>'Medlock found that lifting the ban would level the playing field for the U.S., as it faces continued discounted domestic crude oil prices relative to internationally traded crudes. In fact, the study shows that because the majority of light tight oil produced from U.S. shale formations is of higher quality than both WTI and Brent, if it were exported it would fetch higher prices than WTI and Brent in the international market, he said.'
- David Ruth,
New Rice University study supports lifting ban on US oil exports, March 25, 2015</blockquote>
'..Those countries with abundant, economically accessible resources with favorable investment climates – such as Canada and the US – could be global leaders in future supply developments. If such a future were to unfold, US foreign policy and geopolitical concerns would likely look very different in 20 years.'<blockquote>'..Removing the ban generates distinct energy security benefits by providing a more stable and secure source of crude oil to a growing global market..' (page 5)
..
..The ability of traditional Middle East oil producers to provide sufficient supplies to the global market may become compromised by demand growth in those countries. (page 46)
..
..Those countries with abundant, economically accessible resources with favorable investment climates – such as Canada and the US – could be global leaders in future supply developments. If such a future were to unfold, US foreign policy and geopolitical concerns would likely look very different in 20 years. (page 47)
The importance of the US as a potential source of supply over the longer term cannot be overstated .. [and] is conditional on the ability of US production volumes to access the global market..' (page 48)
-
To Lift or Not to Lift?, March 2015</blockquote>
Context<blockquote>
(Oil target bandwidth price: $20 - $40) - '..shale oil .. remains commercially viable .. below $42..''..Europe .. to turn to alternative energy sources for its survival..''..to diversify their energy sources..' - '..strengthen their defences..'(The Electric Universe) - '..LPPFusion .. one of the leading companies in alternative fusion.' - Plans for 2015'..Allowing U.S. Crude Oil Exports.' - '..Oil Export Policy Is Stuck in the '70s''..Russia .. is a typical petrostate with a short-term horizon..' - Maria Snegovaya'..Cutting the flow of riches to the Kremlin..' - Emma Ashford(2003 - 2033) - A Thirty Years' War in the Middle East</blockquote>