Producers Lobby for Oil Exports

Posted October 24, 2014 at 5:10am

Fuel Fix reports that “the nation’s largest independent oil companies are banding together to lobby for the right to export crude around the world.”  

“The new venture, dubbed ‘Producers for American Crude Oil Exports,’ is the first formal lobbying effort solely designed to take down the 39-year-old ban on selling most U.S. oil overseas. With more than a dozen independent oil companies on board, the venture is a sign that the industry is revving up for a big, coordinated push to dismantle those trade restrictions next year, when a new Congress is sworn in and the Obama administration may have more political freedom to tackle the issue.”