Tag: Oil Export Ban
Ending US crude export ban good news for Canadian oil industry
Lifting the crude export ban some regulatory burdens for Canadian producers CALGARY _ Experts see more good news than bad for Canada’s energy industry if the U.S. lifts its decades-old ban on oil exports. The ban came into force when oil shortages were commonplace 40 years ago, a stark contrast to today’s U.S. glut, thanks to fracking […]
McCaul, Craddick: Lift the oil export ban
Just a few years ago, many Americans felt hopeless that the U.S. would ever reduce its dependence on foreign energy. Relying on suppliers from unstable nations that don’t share our interests, consumers felt the effect of pricing volatility, violence and political instability hitting them at the gas pump with prices reaching $4.00 per gallon. For […]
US oil export ban: House panel votes to lift ban despite White House opposition
US oil export ban called “a relic from the 70’s” WASHINGTON – A key House committee endorsed a bill Thursday to lift the four-decade-old ban on crude oil exports, setting up a likely vote by the full House on a bill President Barack Obama opposes. The House Energy and Commerce Committee approved the legislation, 31-19, with three Democrats […]
Senate energy bill passes committee, could lift crude oil export ban
Senate energy bill gets thumbs up from oil and gas groups A Senate energy committee approved legislation Thursday that would lift the 40-year-old ban on crude oil exports and open more areas of the Arctic, Gulf of Mexico and the Atlantic Ocean to oil and gas exploration. Republican Lisa Murkowski of Alaska, chairman of the panel, championed the bill, which passed by a […]
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