Shell: The U.S. Should Abolish Oil Export Prohibition
On Tuesday, Ben Van Beurden, the CEO of Shell, said, “The American government should abolish oil export prohibition gradually which has been lasted for decades of years to stabilize global energy system and price.
When Van Beurden attended a energy meeting which was held by Columbia University in New York, he stated, “The American policy makers should hold a real open, diversified and global energy market.”
He said that the U.S. exporting oil and gas would enhance long-term energy production in North America, obviously improving trade balance in the U.S. and helping international energy system more steady.
Since 1970s, the U.S. has already prohibited most of oil export. While with the upsurge of shale energy developing, all circles are pressuring American government and Congress to release oil export prohibition. It is estimated that the U.S. will exceed Saudi Arabia and Russia and become the largest oil producer in the world.
In March, the U.S. Department of Commerce allowed two corporations to export super light oil which was called as gas condensate. However, the appliance for expanding gas condensate export was laid aside.
Meanwhile, American has already approved several appliances about gas export which is estimated to be begun in the next year. Van Beurden states that gradual abolishment will be in favor of energy consumption in the U.S. After abolishing, oil output in the U.S. will keep growth and supply oil to global oil refineries in case of oil price booming.
While the U.S. Congress is predicted that will not abolish oil export prohibition in short term. Amount of congressmen fear that if other factors promote oil price to rise, their abolishment will suffer from denouncement. However, Obama may take other measures, such as allowing oil swap dealing.
Van Beurden pointed out that Argentina, China and Algeria would also develop shale energy besides the U.S.
When Van Beurden attended a energy meeting which was held by Columbia University in New York, he stated, “The American policy makers should hold a real open, diversified and global energy market.”
He said that the U.S. exporting oil and gas would enhance long-term energy production in North America, obviously improving trade balance in the U.S. and helping international energy system more steady.
Since 1970s, the U.S. has already prohibited most of oil export. While with the upsurge of shale energy developing, all circles are pressuring American government and Congress to release oil export prohibition. It is estimated that the U.S. will exceed Saudi Arabia and Russia and become the largest oil producer in the world.
In March, the U.S. Department of Commerce allowed two corporations to export super light oil which was called as gas condensate. However, the appliance for expanding gas condensate export was laid aside.
Meanwhile, American has already approved several appliances about gas export which is estimated to be begun in the next year. Van Beurden states that gradual abolishment will be in favor of energy consumption in the U.S. After abolishing, oil output in the U.S. will keep growth and supply oil to global oil refineries in case of oil price booming.
While the U.S. Congress is predicted that will not abolish oil export prohibition in short term. Amount of congressmen fear that if other factors promote oil price to rise, their abolishment will suffer from denouncement. However, Obama may take other measures, such as allowing oil swap dealing.
Van Beurden pointed out that Argentina, China and Algeria would also develop shale energy besides the U.S.
