License to Drill: The Case for Modernizing America’s Crude Oil and Natural Gas Export Licensing Systems
by Scott Lincicome
February 25, 2013
If the president really wants to develop America’s vast energy resources, grow the U.S. economy, restore some coherence to U.S. trade and energy policy, and avoid potentially embarrassing trade conflicts, he should order the immediate approval of all pending license applications and then pursue, with Congress, an overhaul of our archaic licensing systems. Specifically, the White House and Congress should take the following steps to improve and modernize U.S. energy trade policy. First, the Department of Energy and the Bureau of Industry and Security should immediately approve the pending export-license applications for natural gas and crude oil, and approve all future applications on a transparent, expedited basis. Second, the White House should work with Congress this year to consolidate and overhaul the U.S. export licensing regime for energy products.