The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.

The study data showed a positive uptick for the GDP in all cases, a 0.14 change in welfare, annual reduction in unemployment, additional production of 1.5 MMBOD in 2015, decline in gasoline prices by 9 cents per gallon in 2015, U.S. gains ability to increase exports by 2.8 MMBOD in 2015 and 5.7 MMBOD in 2035 if OPEC decides to cut output.

One of the report’s key findings was summarized as f...


Legal Notice