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.