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Category: Oil Export Ban

Oil export bill said to be set to move as price fears ease

September 04, 2015 Posted by Chris Wysong

A House panel could vote on a measure to lift the ban on U.S. oil exports as early as next week, lobbyists say. Oil export bill said to be set to move as price fears ease By: Mark Drajem and Ari Natter WASHINGTON (Bloomberg) -- Congress is set to begin consideration of a measure to lift the decades-old ban on U.S. crude exports after a government study concluded the move wouldnt raise gasoline prices for consumers, people familiar with the plan said. A panel in the House of Representatives is planning to vote on a measure to lift the ban, which dates back to the Arab oil embargo of the 1970s, as early as next week, according to three lobbyists working on the matter, who asked not to be named because the markup hasnt been announced yet. The full House may vote on it later in September, leaving ahead the more difficult task of gaining enough support for repeal in the Senate, they said. Repealing the ban has gained new political potency as hydraulic fracturing has triggered a boom in

Posted in Oil, Policy, Oil Export Ban
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