Rising Domestic Production Creates Opportunities to Expand Energy Trade
WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski (R-Alaska) today sent a letter to President Obama urging him to lift the prohibition on exporting crude oil produced in the United States. Doing so, Murkowski wrote, will allow American producers to access global markets, which will boost production, protect jobs, and increase our energy security.
Murkowski called on President Obama to take a leadership role on lifting the export ban and offered her support in Congress.
“Your leadership will be critical to our success in this endeavor,” Murkowski wrote to the president. “In particular, I would draw your attention to the status of our nation’s hydrocarbon trade. While exports of our natural gas and petroleum products have grown, our work is far from finished, and our policies are, in some cases, far from adequate.
“Despite the obvious geopolitical, economic, and environmental benefits of building out our nation’s liquefaction capacity as soon as possible, the Department of Energy continues to slow-walk its approval of export licenses to our allies. The Keystone XL pipeline, which the State Department estimated would support over 42,000 jobs, remains unapproved even after years of delay. I once again urge you to take immediate action on these infrastructure projects, which you have generally promised to champion,” Murkowski continued.
The administration retains the authority to lift the ban on its own. The U.S. Commerce Department can authorize a swap if domestic crude cannot be marketed in the United States. The president can also issue a national interest determination.
“Lifting the prohibition on crude oil exports also presents us with a rare opportunity to work together in a bipartisan fashion to address this situation before it becomes a problem,” Murkowski wrote. “Together, we can send a strong signal to the world that the United States is ready to lead on energy, the environment, and trade. Lifting the ban will help create jobs, boost the economy, and keep our production at record levels.”
The full text of Murkowski’s letter to the president is available on the Senate Energy and Natural Resources Committee website. Murkowski sent similar letters to the State, Energy, and Commerce departments, and to the Federal Energy Regulatory Commission, which can be found in the documents section under letters.
Murkowski, the energy panel’s top Republican, released a white paper on energy exports last week. The paper, A Signal to the World: Renovating the Architecture of U.S. Energy Exports, is available on the committee’s website, as is supporting analysis by the nonpartisan Congressional Research Service.