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Commodities Briefing - Categorized | Oil, Trading more

Exporting American oil

Posted on 16 December 2013

The happy paradox of U.S. energy markets is that the domestic fossil-fuels boom has been overwhelming destructive federal government policy. The latest example of emerging common sense is Energy Secretary Ernest Moniz’s suggestion last week that the U.S. may need to reconsider its 40-year ban on most oil exports.
“Those restrictions on exports were born, as was the Department of Energy and the Strategic Petroleum Reserve, on oil disruptions,” Mr. Moniz told reporters at the Platts Global Energy Outlook Forum in New York………………………………………..Full Article: Source


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