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Tag Archives: oil export ban

Oil on the export market: Good or bad?

Critics are quick to note the similarities between today and the Nixon-Ford-Carter 1970s. Now, we can add one more parallel. The U.S. once again is an oil exporting country. Somewhere in the bowels of of the monstrous $1.1 trillion spending bill Congress rammed through Dec. 18 can be found approval for the U.S. to flip the “on” switch to the ...

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Oil fueling Eddy County’s economic future

oil storage, oil leak

CARLSBAD, N.M. — Stakeholders in New Mexico’s oil and gas industry, particularly in Eddy County, are bracing for where crude oil prices will land in this new year. The New Mexico Oil and Gas Association says the state had a record producing year but a drop in prices in 2015 had many wondering if it was the end of a boom, ...

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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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U.S. on verge of lifting 40-year oil export ban in spending bill

An oil pump is seen near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson

WASHINGTON – The United States appears on the brink of ending a four-decade-old ban on most exports of crude oil, an abrupt end to a years-long fight triggered by the domestic shale boom. Late on Tuesday evening congressional negotiators wrapped up a sprawling deal to keep the U.S. government operating through next September that included repealing the ban and granting ...

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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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