US oil boom to force export issue by 2017

摘要

New York—The tremendous growth of North American crude production will likely make US exports of light, sweet crude inevitable by 2017, Turner, Mason & Co. Executive Vice President John Auers said. The US currently exports around 200,000 b/d to Canada under an exception to restrictions imposed by Congress in the wake of the 1973 Arab oil embargo, which otherwise largely bans all US crude exports. In addition to allowing some exports to Canada, the law allows exports of Alaskan North Slope crude. “The shale crude boom has changed everything,” Auers said at a New York Energy Forum presentation late Monday.