December 19, 2015

US lifts 40-y.o. ban on crude export amid plummeting oil price



USA has lifted a 40-year-old ban on exports of crude oil - despite historically low prices and a saturated global market.

The measure is part of a budget plan for 2016. It's seen as a victory for the Republicans and oil companies, which claim it would boost the American economy and job market. Some Democrats are strongly against the lift.

RT

Related,
Congress kills U.S. oil export ban, boosts solar, wind power - Reuters

The Irony of Ending the U.S. Oil Export Ban Is Imports May Rise (video) - Bloomberg
U.S. Oil Exports Boost Prospects for Small Foreign Trading Houses - WSJ

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