White House ‘Leaves Door Open’ to Crude Export Limit Revision

Posted January 31, 2014 at 12:23pm

E&E News reports that “the White House yesterday left the door open to revisiting the nearly four-decade-old limits on crude exports, saying after a landmark Senate Energy and Natural Resources Committee hearing on the ban that it is “closely monitoring the implications” of surging U.S. oil production.”  

“Even the handful of advocates for tweaking the export ban, led by ENR Committee ranking Republican Lisa Murkowski of Alaska, do not expect Congress to wade into the politically volatile topic, and urge President Obama to use existing executive branch authority to ease the nation’s growing glut of light shale oil.”  

“Asked to comment on the hearing, Obama spokesman Matt Lehrich did not rule out such a move.”  

“‘The increase in domestic oil production is a good thing and an important part of the president’s ‘all of the above’ energy strategy,’ Lehrich said via email. ‘We are closely monitoring the implications of growing domestic energy supplies, including the economic, environmental and security opportunities and challenges that it presents. We will evaluate policy options as needed.'”