4
Crude Oil Exports: An
Opportunity for America
Expanded U.S. production of tight formation oil creates economic opportunities that have not existed for over five
decades. These opportunities, however, could be missed if available market options are not pursued. Exports need to
play a key role to keep the development of U.S. production on course. Federal government policy decisions will
determine whether it will support or impede U.S. energy development.
Key Points:
1. Development of American tight crude oil – light, sweet crude – is increasing faster than predicted.
2. Numerous studies by energy experts show that crude oil exports will benefit America’s economy by expanding
high quality jobs, lowering the trade deficit, increasing U.S. energy security and strategically positioning the
U.S. internationally on energy issues.
3. Similarly, these studies have shown that these economic benefits occur nationally as ݕ