Lifting the Crude Oil Export Ban: The Impact on U.S. Manufacturing

The manufacturing sector is an important source of strength in the U.S. economic recovery. The surging oil and gas production sector, in turn, is a major reason behind the manufacturing sector’s robust performance since 2010. This paper employs the Inforum LIFT economic forecasting model to analyze how removing the ban on crude oil exports could add to growth in manufacturing by stimulating higher levels of oil production in the United States.