“Companies and federal officials are finding a way around a 1970s-era U.S. ban on crude oil exports by slightly processing some of the rising amounts of oil extracted from the nation’s shale deposits. Texas-based Pioneer Natural Resources said Wednesday that the U.S. Department of Commerce has approved its plan to export an ultralight oil known as condensate produced in the state’s Eagle Ford Shale. The U.S. government, since the 1970s Arab oil embargo, has largely banned the export of crude oil — except to Canada — as a way to keep the nation’s oil at home and protect American consumers from price shocks.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Candy Crush mania coming to Wall Street
Corporate-Credit Outlook at Worst Since Crisis, S&P Says
Shakespeare shown as ruthless businessman
Kerry renews $1.3 billion aid package for Egypt
Law enforcement demands smartphone 'kill switch'
How To Make A Quick $1,944,000
David Miranda: I was treated like a threat to the United Kingdom
China plans to allow yuan trade settlement for individuals this year
Tennessee Highway Patrol using semi-trucks to combat texting
FTC to music teachers: Better not try to raise the price of your lessons.
Counterfeit Perth Mint gold sold in China
U.S. ‘troubled’ as Bahrain upholds activists’ sentences
City may sue developer who spent $20,000 to remove 40 tons of trash from vacant lot
Teenaged entrepreneur denounces business-limiting French laws in Quebec
Budget Cuts Could Pull Navy Out of The War on Drugs