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ASSESSING THE US BAN ON CRUDE OIL EXPORTS

Assessing the US Ban on Crude oil Exports

Study Released December 31, 2015

Commodity Report - Crude Oil - November - December 2015

In his 2006 State of the Union address, US President George Bush dramatically announced, “America is addicted to oil”. Those remain perhaps the most memorable words of the entire speech. The next sentence, though, has turned out to be even more telling: “The best way to break this addiction is through technology”.1 President Bush was certainly correct in stating technology had a role to play, but in the oil and gas industry, a decade of remarkable technological innovation has so far not cured America of its oil dependency. It may well be argued that technology has only fed the addiction..... Download full report.

November - December 2015