Memo

To: Presidential Climate Change Working Group

From: your name, Energy Analyst

RE: Cost/benefits of becoming a net exporter of oil

Statement of Issue: It is possible the U.S. could become a net exporter of oil as early as 2020.

Background

Over the last two quarters of the U.S. has been a net exporter of energy. The U.S. needs to increase its exports of diesel fuel, in particular, as well as gasoline. The U.S. Department of Energy needs to raise its forecasts exports to 2, 5 million barrels of diesel fuel a day. At present, most of the fuel is supplied to Central and South America. ...