A study released Sept. 1 by the US Energy Information Administration was apparent cause for celebration for several oil and gas industry groups, which took its findings as confirmation that lifting restrictions on US crude oil exports would be a net positive for the industry as well as consumers. EIA developed several analyses that examine the implications of removing the restrictions for the price of US and global marker crude streams, gasoline prices, crude production , refining activity, and trade in crude and petroleum products. The study, Effects of Removing Restrictions on US Crude Oil Exports , was conducted in response to requests from US Sen. and current Senate Energy and Natural Resources Committee Chairman Lisa Murkowski (R-Alas.) and former chairman and Sen. Mary L. Landrieu (D-La.), ( OGJ Online, Apr. 14, 2014 ), as well as current members Ronald L. Wyden (D-Ore.) and Maria E. Cantwell (D-Wash.). Murkowski […]