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Tag Archives: arab oil embargo

Editorial: Allowing US oil exports is shortsighted

oil tanker and a sail boat

Having access to oil is critical to the United States. It is, in fact, a matter of national security. Yet, old fashioned greed has clouded judgment as Congress, as part of its budget agreement, is lifting crude oil export restrictions that have effectively banned most sales of U.S. crude oil abroad. The price of crude oil has plummeted around the ...

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Oil export ban, spending bill passes

CARLSBAD — The 40-year old oil export ban will be lifted after President Barack Obama signs a piece of legislation passed by the U.S. House of Representatives and the U.S. Senate on Friday. Lifting the ban on crude exports comes with the passing of the 2016 “Omnibus” spending bill. It is one of many policies included in the spending bill, ...

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Lifting oil export ban part of spending bill

Lifting oil export ban part of spending bill

CARLSBAD — Among many policies and provisions in the 2016 spending “Omnibus” bill in Congress is a policy that would lift the ban on exporting oil, according to a news release and national reports. Lifting the ban on exporting oil would repeal restrictions on exports of products such as coal, petroleum products and natural gas. This would essentially allow producers ...

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ND Petroleum Council: Vote will lift oil export ban to provide long-term benefits, energy security

Bismarck, N.D. – The vote in the United States Senate and House of Representatives to lift the ban on crude oil exports will strengthen the nation’s national security, keep energy prices low for consumers and help add stability to an otherwise volatile commodity market said Ron Ness, president of the North Dakota Petroleum Council. “The petroleum sector has been an ...

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Budget deal bill boosts oil exports, renewable energy

In this Sept. 5, 2015, photo, a pump jack pumps oil on a hill above Alexander, N.D, and the town's school. The U.S., seemingly awash in crude oil after an energy boom sent thousands of workers scurrying to the plains of Texas and North Dakota, will begin exporting oil for the first time since the 1973 oil embargo. (AP Photo/Martha Irvine)

WASHINGTON — Republicans are hailing the likely demise of a 40-year-old ban on crude oil exports, as well as spending limits imposed on the Environmental Protection Agency, a longtime GOP target. Democrats are cheering five-year extensions of tax credits for wind and solar energy producers and renewal of a land and water conservation fund that protects parks, public lands, historic ...

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Democrats say oil dispute holding up U.S. funding bill

WASHINGTON – Talks among congressional leaders on a $1.15 trillion bill to keep the U.S. government funded were being held up by a dispute over energy policy with Republicans seeking to end an oil export ban and Democrats saying any such action must be coupled with clean energy incentives, Democrats said on Tuesday. Republican leaders said an agreement being negotiated ...

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Oil export ban in play in final-stage talks on budget deal

FILE - In this May 9, 2012 file photo, a drilling rig is seen near Kennedy, Texas. The four-decade-old ban on exporting crude oil may end up getting lifted in a must-pass year-end spending bill lawmakers are scrambling to complete. Lifting the ban is a top ask for GOP negotiators working on the sprawling legislation. In return, Democrats are seeking various environmental priorities, including making permanent tax credits for solar and wind energy production. (AP Photo/Eric Gay, File)

WASHINGTON — Congressional negotiators and the White House closed in on a deal late Monday on a $1.1 trillion government-wide spending bill to stave off a shutdown, and a tax package extending dozens of breaks. In a Monday evening conference call among House Republicans, Speaker Paul Ryan said bargainers were close to agreements on the spending and tax measures that he ...

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