Posted January 2, 2014
Shale-Oil Boom Puts Spotlight on Crude Export Ban
Wall Street Journal: The U.S. government virtually banned the export of crude oil in the wake of the mid-1970s energy crisis. But as America pumps more crude, 2014 could be the year those constraints are lifted.
For decades, even discussing the possibility of exporting domestic oil was a political nonstarter in Washington. Now, surging U.S. production has led to the beginning of a glut along the Gulf Coast, home to the largest refinery complex in the world. Too much crude is driving down prices there, making producers eager to export some of their oil to places like Europe where prices are higher.
Read more (subscription publication): http://on.wsj.com/1d2nGfN
More industry news:
- Good News for 2014 – A Domestic Energy Revolution is Underway in the USA: http://fxn.ws/1lCYYln
- Our View: Cuomo Must End New York Fracking Debate: http://bit.ly/1dXlsef
- Utica Production on the Increase in Ohio: http://bit.ly/1iwVrbp
- TransCanada’s Gulf Coast Pipeline to Crank Up Jan. 22: http://bit.ly/19DriV9
- Another Energy Milestone for Texas: October Oil Output Reached 33-Year-High: http://bit.ly/1bCmB8c
- U.S. Lags Behind in Race to Stake Claims to Untapped Arctic Resources: http://to.pbs.org/19NHj8F
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.