US oil company appeals to end crude oil export ban

Posted on 24 Mar 2015 by Aiden Burgess
Some oil companies, such as ConocoPhillips, are campaigning hard for the repeal of a long standing crude oil export ban. Image courtesy of DFC

US oil producers, such as ConocoPhillips, are calling for a repeal of the US crude oil export ban established in the 1970s.

In addressing the committee, Mr Lance highlighted the benefits to the resurging US oil and natural gas industries if the outdated ban was repealed. “Given that America’s oil and natural gas renaissance has fundamentally changed the global energy landscape,” he said, “this policy must be repealed if the United States is to fully realize the…

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