Story from The Denver Post
The lifting of a four-decade ban on U.S. oil exports could boost Colorado’s global trade fortunes — but the timing of when that happens is anybody’s guess.
“In the next 12 months, it is unlikely to have much influence at all. It won’t play much of a role,” said Mark Snead, an economist at RegionTrack in Oklahoma City.
That’s because the world is awash in petroleum. But long-term, as prices recover and more shipping infrastructure gets built, Colorado petroleum producers could benefit.
And they would need to sell only a fraction of their output abroad to catapult into the ranks of the state’s top exporters.