Report Fuels Crude Oil Export-Ban Debate

The International Energy Agency’s latest monthly report states that the ban on U.S. crude oil exports could eventually choke domestic production, despite the current production boom.

IEA: “The growing volumes of light tight oil that cannot leave North America are increasingly posing a challenge to industry, putting the spotlight on the U.S. crude oil export ban.”

Washington Examiner: “The report comes as the Senate Energy and Natural Resources Committee plans to tackle the export issue at a Jan. 30 hearing, the first salvo in a hot topic that’s grabbed the attention of both chambers.”

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