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Exporting American oil: A primer

Posted on 13 December 2013

Exxon Mobil says the U.S. should lift its decades-long restriction on exporting crude oil. ”We are not dealing with an era of scarcity, we are dealing with a situation of abundance,” Ken Cohen, Exxon’s vice president of public and government affairs, told the Wall Street Journal.
Here’s what’s behind the ban – and the energy industry’s effort to reverse it: Why can’t Pumped-in-the-USA crude be exported? In 1973, some members of the Organization of Petroleum Exporting Countries stopped selling crude to the U.S. in retaliation for its support of Israel in a war with Egypt and Syria………………………………………..Full Article: Source


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