exports

Business
2:25 pm
Sat February 1, 2014

'A Global Bathtub': Rethinking The U.S. Oil Export Ban

A pipeline carries oil at the federal Strategic Petroleum Reserve facility near Beaumont, Texas. U.S. oil companies are urging an end to a 1970s-era ban on oil exports.
Joe Raedle Getty Images

Originally published on Mon February 3, 2014 9:00 am

When oil supplies ran short and gasoline prices spiked four decades ago, angry drivers demanded relief. Congress responded in 1975 by banning most exports of U.S. crude oil.

Today, domestic oil production is booming, prompting U.S. energy companies to call for a resumption of exporting. Many economists agree.

But would that bring back the bad old days of shortages? Would you end up paying more at the pump?

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Business
3:38 pm
Fri September 20, 2013

Chemicals Industry Makes Baton Rouge No. 1 Most Export-Intensive Metro

Baton Rouge Profile from Export Nation 2013
Brookings Institution

In his 2010 State of the Union Address, President Obama launched the National Export Initiative. As the country was emerging from the Great Recession, the President said he wanted the U.S. to double exports by 2014.

Only four of the top 100 metro areas in the country are on track to meet that goal. Baton Rouge is one. New Orleans is another. That's according to the Brookings Institution's latest "Export Nation" report, which was released earlier this week.

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