Current Access Level “I” – ID Only: CUID holders, alumni, and approved guests only
Get the latest as our experts share their insights on global energy policy.
CGEP scholars reflect on some of the standout issues of the day during this year's Climate Week
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
Industrial policy, supply chain security, and economic competitiveness are central to how we think about clean energy deployment. As the Trump administration pulls back federal support for the...
Find out more about our upcoming and past events.
Join us for a virtual information session focused on career pathways at the United Nations.
Testimonies & Speeches by Jason Bordoff • April 14, 2015
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).
***
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.
CGEP scholars reflect on some of the standout issues of the day during this year's Climate Week
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.
Full report
Testimonies & Speeches by Jason Bordoff • April 14, 2015