1. Oil and Natural Gas Exports Past, Present and Future
John Felmy, PhD.
Energy Economist

2. Q&A: Arguing the case for oil exports
Economist for petroleum lobby urges end to export ban that followed OPEC embargo
By Collin Eaton
January 31, 2014 Updated: February 1, :14am
Photo: Mayra Beltran, Staff
"So why not export the expensive stuff and import the cheap stuff?" John Felmy asks.

3. America exports Oil
The start of the U.S. petroleum industry in 1859 launches many new businesses for producing and transporting the highly prized resource. For the first time America exports oil and kerosene from Philadelphia to London during the Civil War.
Soon after Col. Edwin L. Drake drilled America’s first commercial oil well along a creek in northwestern Pennsylvania, entrepreneurs swept in and wooden derricks sprang up in Venango and Crawford counties. It was the nation’s first oil boom.
                                                                                                                                                                                    
Launched in 1847 by the shipbuilding firm of J. & C.C. Morton of Thomaston, Maine, the Elizabeth Watts was about 96 feet long with a draft of 11 feet. The 224-ton brig made petroleum history during the Civil War

4.                                                                  
Launched in 1847 by the shipbuilding firm of J. & C.C. Morton of Thomaston, Maine, the Elizabeth Watts was about 96 feet long with a draft of 11 feet. The 224-ton brig made petroleum history during the Civil War.
Capt. Bryant secured his crew, and the Elizabeth Watts departed the Philadelphia docks on November 19, 1861.

9. Price
Supply
Demand
Quantity

10. Price
Supply
Demand
Quantity

11. John Felmy, Ph.D.