The Heartland Institute highlights the Atlantic Council report launch of Empowering America: How Energy Abundance Can Strengthen US Global Leadership in an article about the Senate debate on the ban on the export of US crude oil:

Momentum for lifting the oil export ban received a substantial boost in July with the release of Empowering America: How Energy Abundance Can Strengthen U.S. Global leadership, a report published by the Atlantic Council. It was written by an Atlantic Council task force co-chaired by Sen. Lisa Murkowski (R-AK), chairwoman of the Senate Energy and Natural Resources Committee, and Sen. Mark Warner (D-VA).

The report notes the boom in U.S. oil and gas production in recent years has fundamentally altered the global energy picture.

“Our unprecedented rise in oil production, from 5 million barrels per day to a 40-year high of 9.5 million b/d in only 7 years, helped to prevent a price spike from being triggered by the Libyan revolution, to sustain Iran oil sanctions, and to mitigate the market effects of unplanned oil disruptions across the globe,” the report stated.

Read the full article here.