Lifting the crude oil export ban and its impact on US energy sector

US Congress lifted oil ban in December 2015 after 40 years of its existence. The ban was originally in place to preserve national crude oil production for domestic use in case of any import disruptions. The ban was lifted even though US is currently not net energy exporter or energy independent state. The aim of this theses is to state under which circumstances US approved the oil ban in 1975. Furthermore, the aim is to analyse the impact of current legislation and non-regulated crude oil export on US energy sector. The first chapter defines a sanction, its types, how we can measure its effectivenes and describes UN sanctions legislation process. The second chapter describes the Arab embargo from 1973 and last chapter analyses the impact of a new legislation on energy producers and refiners