Study: Crude exports yield big economic benefits for Texas – Oil & Gas Financial Journal

A new state-by-state analysis shows that Texas could add up to 40,921 jobs and $5.21 billion to the state economy in 2020 if federal restrictions on US crude exports were lifted, said API vice president for Regulatory and Economic Policy Kyle Isakower. “The US is poised to become the world’s largest oil producer, and access to foreign customers will drive job creation in Texas and around the country,” said Isakower. “When it comes to crude oil, the rewards of free trade are amplified wherever energy, manufacturing, and consumer spending drive growth. American energy exports mean new jobs, higher investment, and greater energy security.”

via Study: Crude exports yield big economic benefits for Texas – Oil & Gas Financial Journal.

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