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Ending the US oil export ban gets praised and pilloried
2015-12-17 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
CBS: U.S. oil and gas producers are hailing the lifting of a 40-year-old ban on American oil exports as a lifeline at a time when their sector is being decimated by sliding prices and oversupply. The move is part of a grand $1.1 trillion budget deal between the Obama White House and the Republican-controlled Congress, which will avoid a government shutdown. However, environmental and consumer groups denounced the move, which they say will result in an dramatic increase of oil use worldwide, an acceleration...
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