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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
The Case for Allowing U.S. Crude Oil Exports
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In an era of rising U.S. oil production, long-standing restrictions on crude oil exports no longer serve U.S. interests, CFR Fellow for Energy and National Security Blake Clayton argues in this Renewing America Policy Innovation Memorandum, The Case for Allowing U.S. Crude Oil Exports. Export restrictions reduce the value of U.S. crude oil, costing the country a potential $15 billion in lost revenue annually. Allowing the market to work freely would stimulate U.S. production, advance U.S. foreign policy goals and demonstrate the U.S. commitment to freer trade, without jeopardizing energy security.
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