08-17-2015, 12:07 PM
US eases crude oil export ban
8-15-2015
The Obama administration approved limited crude oil trading with Mexico on Friday.
The export ban is a relic of the 1970s, after an OPEC oil embargo led to fuel rationing, high prices and iconic images of long lines of cars waiting to fuel up.
Republicans from energy-producing states hailed the decision, as did trade groups representing the oil industry.
No Democrats on the committee voted for the bill. The environmental group Oceana called it "a massive give-away to Big Oil."
8-15-2015
The Obama administration approved limited crude oil trading with Mexico on Friday.
The export ban is a relic of the 1970s, after an OPEC oil embargo led to fuel rationing, high prices and iconic images of long lines of cars waiting to fuel up.
Republicans from energy-producing states hailed the decision, as did trade groups representing the oil industry.
No Democrats on the committee voted for the bill. The environmental group Oceana called it "a massive give-away to Big Oil."