4 decades later, the U.S. prepares to lift crude oil export ban The United States Senate has passed a $1.15 trillion omnibus spending bill to keep the U.S. government up and running today. Included in the bill are several provisions concerning energy, one of which will be an end to the more than 40-year old crude oil export ban. The
Congress expected to vote to lift crude oil export ban; economists worry about low inflation An end to the more than 40-year old crude oil export ban could soon be approaching. Members of Senate this week are expected to include a provision that will lift the export ban as part of the fiscal 2016 spending bill, aides from both parties
Rubio favors lifting the crude oil export ban Florida Senator Marco Rubio, campaigning for the 2016 Republican presidential nomination at an oil and gas event in Oklahoma, voiced his stance on some energy policies yesterday. According to an AP report, Rubio called the ban on crude-oil exports “a throwback to the 1970s, long before a domestic oil production boom that resulted from
The Energy Information Administration (EIA) published its findings regarding the removal of the crude oil export ban on September 1, 2015, finalizing a series of studies that have spanned dating back to May 2014. The EIA took a cautious approach in delivering its findings, explaining repeatedly how the price of crude oil could have wide implications on the effects of
OAG360: Are there any models for tax reform that you would like to see implemented here in the United States? Buck: Yeah. The chainsaw in my garage is what I think would work best. U.S. Congressman Ken Buck’s congressional district sits on top of 85% of Colorado’s oil production—70.1 million barrels in 2014. He is a federal lawmaker with a
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