The study by
It was commissioned by the
"The U.S. is poised to become the world's largest oil producer, and the study shows that access to foreign customers will create economic opportunities across the country," said
The study found that oil exports could bring 300,000 jobs to the U.S. economy in 2020, when new drilling is expected to plateau, while saving consumers nearly
Eighteen states would gain more than 5,000 new jobs, according to the study, with
"Across the nation, we see that lifting crude export restrictions would yield overwhelmingly positive results," Isakower said. "There is a growing realization that this is a new era for American energy.
"Scarcity is giving way to abundance, and restrictions on exports only limit our potential as a global energy superpower."
Lower gas prices
A new IHS study predicts U.S. crude oil exports would result in lower gasoline prices and nearly 1 million new jobs within a few years.
"There are different types of oil, and they require different kinds of refining processes and facilities," said IHS director
"That gridlock is preventing additional investment and production -- and the additional economic benefits -- that could otherwise take place."
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