SOURCE: Industrial Info Resources

Industrial Info Resources

April 02, 2015 06:00 ET

Paper Outlines Benefits of Ending U.S. Crude Export Ban, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 2, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In a paper published in late March, Dr. Kenneth Medlock III of Rice University's James A. Baker III Institute for Public Policy highlights many of the benefits that lifting the existing ban on crude oil exports would have for the U.S.

Medlock believes that a lack of trading opportunities, coupled with lowered incentives to build transmission infrastructure, is causing North American crude to trade at much lower values than it is worth when compared with other globally traded oils.

Medlock says that the average American should not be overly concerned about a rise in domestic crude prices or shipping U.S. crude oil abroad, demonstrating that exports of U.S. crude could, in fact, help lower gasoline prices and increase U.S. "energy security."

For a fuller discussion of Medlock's paper, check out the most recent edition of Industrial Info's NavigatIIR online newsletter, which also discusses North American project spending trends, new product rollouts and more.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

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