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Nearly one-third of U.S. households consider cost before turning on a heating system during winter or powering up a cooling system during summer, potentially endangering their health.
Gulf Cooperation Council (GCC) countries have not only the world's lowest costs for oil and gas production but also the lowest costs for electricity generated from renewable energy sources.
Last year, an energy permitting reform bill sponsored by Senators Joe Manchin and John Barrasso passed out of committee but failed to gain full support in the US...
The Center on Global Energy Policy at Columbia University SIPA's Women in Energy initiative, in collaboration with the Columbia Policy Institute, invites you to join us for Exploring...
Event
• International Affairs Building,
Columbia SIPA
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We are the premier hub and policy institution for global energy thought leadership. Energy impacts every element of our lives, and our trusted fact-based research informs the decisions that affect all of us.
Founding Director Jason Bordoff testified on the US oil export ban before the Committee on Foreign Affairs, Subcommittee on Terrorism, Nonproliferation, and Trade in the House of Representatives. His conclusion is below and the full written testimony is available here (PDF).
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Conclusion
Today’s oil market looks very different than it did in the 1970s when current crude oil export restrictions were first put in place. At that time, the United States had adopted domestic price controls to combat inflation, and crude export restrictions were necessary to make those price controls effective. While price controls have long since fallen away, crude export restrictions remain. While the magnitude and timing of the impact of easing the export restriction is uncertain, particularly given the recent oil price collapse, the direction is clear: allowing US oil exports will boost US oil supply and economic activity, along with resilience to supply disruptions, credibility in the trade realm, and geopolitical influence. While trade restrictions are not an appropriate or cost- effective way to reduce greenhouse gas emissions, it is critical that more aggressive policy actions be taken to address climate change. The current statutory restrictions on oil exports are a legacy of a bygone era that doesn’t reflect today’s energy reality. On economic, security and geopolitical grounds, they should be lifted.
Gulf Cooperation Council (GCC) countries have not only the world's lowest costs for oil and gas production but also the lowest costs for electricity generated from renewable energy sources.
World leaders are meeting in New York this month at the request of the United Nations Secretary-General António Guterres to discuss the state of global ambition on climate change.
The US imposed tariffs of 50 percent on about half of Indian exports on August 27, following a Trump administration executive order targeting the country for its continued imports of discounted Russian oil.
