The latest installment reveals that while Permian oil production grew 135% from 2015 to 2020, U.S. oil consumption was stagnant. The spread of pipelines, export terminals, tank farms and petrochemical facilities across the Gulf Coast intensified environmental injustice in the region, and was driven by oil, gas and petrochemical exports, not rising U.S. demand.
“Keystone XL has been seen as inevitable before, but we persisted and won. This isn’t game over, it’s game on. Now we have a President who is deeply beholden to the oil industry and will do anything they ask, so this approval is no surprise.”
Eliminating the crude export ban would not only hurt the many communities facing dangerous oil extraction in their backyards but also our climate, as the industry digs up unburnable oil at an even faster clip. The only beneficiaries of gutting this law are the Big Oil Executives seeking to pad their profits.
This past Saturday, it happened again. A train carrying highly volatile crude oil, in this case tar sands crude from Alberta, derailed in Ontario and caught fire, destroying a bridge in the blaze. This is the fourth time in as many weeks an oil train has derailed and caught fire or exploded.
A new analysis published today by Oil Change International shows that eliminating existing regulations on crude oil exports could result in additional greenhouse gas emissions equivalent to 42 coal fired power plants.
Lifting the crude oil export ban is an idea only the oil companies and their paid Representatives in Washington could love. Exporting US crude oil will immediately raise the price of oil in North America, raise profits for Big Oil, and thus increase dangerous drilling in our backyards and on our public lands. More drilling means more climate change, more pipeline spills, more rail car explosions, and more poisoned land and water.
As the Chamber of Commerce releases their energy “policy” today and renews their call to overturn the crude oil export ban, here is what you need to know about the consequences of doing so, and Big Oil’s motivations in advocating for a policy reversal. A report on the crude oil export ban and why it should … Read More
Our latest report released today exposes U.S. oil producers that want to export crude oil despite the fact that they still only produce barely more than 50% of U.S. oil demand. 40 years on from the Arab oil embargo and America’s oil producers have only one thing on their minds; profits. Lifting crude export restrictions … Read More
A report released today by Oil Change International exposes the increasing desire of U.S. oil producers to export American crude oil despite only producing around 50% of U.S. demand. The move would enable oil producers to charge American refiners higher international prices for American crude.