After a 4-decade ban on crude exports, American oil companies call for changes in US law
American oil companies have not been allowed to export crude for 40 years, but the industry wants to change that, even though the U.S. still consumes far more oil than it produces.
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#1 Jan 8, 2014
If there was a BAN on crude oil exports, why would the World Factbook show USA as the #48 exporter of crude oil??
U.S.A. Crude oil - exports:
41,640 bbl/day (2010 est.)
Somebody is fibbing ....
https://www.cia.gov/library/publications/the-... States&countrycode=us& regionCode=noa&rank=48#us
Since: Mar 11
St. Croix valley
#2 Jan 8, 2014
as almost always, there are exceptions to the ban...
“Headed toward the cliff”
Since: Nov 07
Tawas City, Michigan
#4 Jan 8, 2014
Sure, the oil barons want to get the highest price possible for their oil and continue to screw the American people.
All oil reserves should be nationalized and not a drop of crude oil OR refined products should be allowed to be sold outside the US.
We're going to need every drop we can get our hands on in the near future.
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