House Vote May Signal the Beginning of the End of Oil Export Ban
Oil trucks sit parked at the Musket Corp. Windsor Crude Terminal in Windsor, Colorado, U.S.
Photographer: Matthew Staver/BloombergThis article is for subscribers only.
House Republicans will test Thursday whether a once-unthinkable goal of U.S. energy producers could become reality: the end of a 40-year ban on exporting oil.
A mainstay of U.S. energy policy since the Arab oil embargo of the 1970s, the export limits have been targeted by domestic producers including ConocoPhillips and Continental Resources Inc., who see its repeal as a valve to relieve the glut of domestic crude.