It’s against the law to export oil produced in the U.S. to other countries, and the ban has been in place since 1975. Senators Hoeven and Heightkamp have co-sponsored a bill that would lift the ban and allow American producers to compete in the international market.
Commentary: Considering the changes that have taken place in the oil industry in the last 10 years, this change is long past due.
Here’s a recap of sources on the story:
