What’s New
U.S. business, energy, manufacturing groups urge President Trump to reject fuel export restrictions
Washington, D.C. – Today, more than 30 U.S. business, energy and manufacturing groups from around the country — including the American Exploration & Production Council, American Fuel & Petrochemical Manufacturers, American Petroleum Institute, Business Roundtable, Independent Petroleum Association of America, International Liquid Terminals Association, Liquid Energy Pipeline Association, National Association of Manufacturers and U.S. Chamber of Commerce — issued a letter to President Trump today urging him to reject calls to ban or limit the export of diesel and other fuels from the United States.
What they’re saying, part 3: Export ban is the wrong move for U.S. energy security
We’ve already shared a pair of blog posts featuring perspectives from experts, analysts, reporters and even some current/former administration officials on why an export ban on U.S. crude oil or American-made diesel, gasoline and refined products would be a costly mistake. Now, we’re sharing even more perspectives, and the fact there are so many tells you all you need to know about why an export ban would backfire.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.