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This report shows by removing export barriers for U.S. crude oil this could lead to higher domestic production, create more jobs, lower the trade deficit, and put downward pressure on gasoline prices.

America is the world’s largest producer of natural gas and projected leader in oil which could allow free trade in energy which will mean more jobs.

Read More….
http://www.api.org/news-and-media/news/newsitems/2014/oct-2014/api-gao-report-reaffirms-economic-benefits-of-crude-exports

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Terry Smeader

Owner at Safety Protection Warehouse

Distributor of Nomex, Flame Resistant Safety Clothing and Arc Flash Protection.

Latest posts by Terry Smeader (see all)

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Tags: crude oil, export

This entry was posted on Thursday, October 23rd, 2014 at 9:07 am and is filed under In The Field. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.