Sentences with phrase «u.s. oil export ban»

From the article:... Two Texas A&M University scholars are calling for an end to the U.S. oil export ban because it penalizes domestic crude producers, hurts the global economy and harms American interests abroad.

After Congress lifted the U.S. oil export ban in December 2015, exporters didn't hesitate to turn on the spigots.

The decline last year was mainly due to record exports of crude oil and petroleum products, made possible since Congress lifted the U.S. oil export ban in December 2015.

CNBC's Jackie DeAngelis takes a look at oil prices as markets react to the possibility of the U.S. oil export ban being lifted.

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for U.S. support of the Israeli military.

Not exact matches

The price of U.S. oil rose Wednesday following reports that Washington is studying whether to lift a longstanding ban on crude oil exports.

Moreover, lower potential output in the U.S. eases the risk of a regulatory ban on oil from Canada's oil sands, and could lead to increased oil exports to the U.S.»

Could ending the decades - old ban on exports of U.S. - produced crude oil lift the economy?

Building a bridge for the Clean Power Plan In addition to the spending and tax provisions, Congress also formally lifted a ban on U.S. crude oil exports, something Republicans and oil - state Democrats had sought.

The U.S. has banned most exports of crude since the 1973 oil embargo.

But with increased U.S. oil production, oil dependence is not important to the GOP in efforts to eliminate the 40 year old ban on U.S. oil exports.

Oil market experts all claimed that lifting the ban U.S. oil exports would not result in very large exporOil market experts all claimed that lifting the ban U.S. oil exports would not result in very large exporoil exports would not result in very large exports.

For example, suggestions have arisen in Congress for the U.S. to impose an export ban on Keystone XL tar sands oil and tighten existing controls in the natural gas export permitting process.

The export ban is a relic of a previous era, put in place around the time of the 1973 Arab oil embargo against the U.S., when Washington thought very differently about ensuring America's energy needs.

In the two - page document, the EU makes several arguments about why the TTIP should require the lifting of the U.S. ban on exporting crude oil...

Karen Harbert, president and CEO of the U.S. Chamber's Institute for 21st Century Energy, testified before the Senate Energy and Natural Resources Committee, claiming that lifting the ban oil crude oil exports should be a top priority:

The U.S. Oil Export situation is complicated, but if done properly, a lifting of the ban could pay huge dividends, not just for investors but for the entire North American energy industry.

First, like a series of other studies before it, EIA's study finds that lifting America's 1970s - era ban on exporting domestic crude oil would not negatively affect U.S. consumers.

But, if the goal is generating revenue for government to fund worthy projects, rather than a series of one - time sales, why not lift the ban on U.S. crude oil exports and create an annual revenue stream?