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Lifting U.S. Crude Oil Export Ban Would Cook the Planet

2014-03-03 21:54:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: A new analysis published today by Oil Change International entitled, Lifting the Ban, Cooking the Climate, shows that eliminating existing regulations on crude oil exports could result in additional greenhouse gas emissions equivalent to 42 coal fired power plants. The analysis shows that allowing crude oil exports would eliminate a current price gap between the U.S. oil price benchmark and the global average. This increased price for U.S. crude oil on the global market would incentivize increased...

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