The US would be capable of sending as much as 2.4 million barrels a day overseas in 2025, Bloomberg reports with reference to an analysis by Turner, Mason & Co. for the Energy Information Administration. If federal policy makers will eliminate restrictions, that would make the US the fourth-largest oil exporter, behind Saudi Arabia, Russia and the United Arab Emirates.
The report doesn't account for potential changes in domestic crude output and prices because of the lifting of the U.S. export ban, nor does it consider competition abroad, Vedomosti newspaper reports.
Domestic oil production increased by 71% in the US over the last four years [11.81 million barrels per day in 2014].
