July 2015, Vol. 242, No. 7

Editor's Notebook

A Call for Crude Oil Exports and Pipelines

The U.S. shale revolution has created jobs, improved the balance of trade, spurred billions of dollars of foreign and domestic investment, reduced carbon emissions and lowered oil and gas prices. From the shale gas fields in Williamsport to the refineries around Philadelphia, new energy technologies have had a profound local impact. This revolution could do even more if the U.S. allowed crude oil exports and expanded its pipeline system. There has been a ban on crude exports since the 1973 Yom Kippur War, though domestic refiners are free to export gasoline and other petroleum products. Lifting this ban would amplify the benefits of the energy revolution at little cost. However, removing th

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