Study: Crude exports yield big economic benefits for Florida

May 29, 2014

Tallahassee, Fla., May 29, 2014 - A new state-by-state analysis shows that Florida could add up to 10,736 jobs and $1.23 billion to the state economy in 2020 if federal restrictions on U.S. crude exports were lifted, said Executive Director of the Florida Petroleum Council (FPC) David Mica.

"The U.S. is poised to become the world's largest oil producer, and access to foreign customers will drive job creation here in Florida and around the country," said Mica. "When it comes to crude oil, the rewards of free trade are amplified wherever energy, manufacturing, and consumer spending drive growth. American energy exports mean new jobs, higher investment, and greater energy security."

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