Home Would-be U.S. oil exporters face tough politics: Kemp
 

Keywords :   


Would-be U.S. oil exporters face tough politics: Kemp

2013-12-19 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: President Barack Obama could probably lift the prohibition on domestic oil exports on his own, but the White House has little reason to favour U.S. oil producers and it would be safer politically to involve Congress in any eventual decision. The principal effect of the export ban is to transfer revenues from domestic oil producers to U.S. refiners because it ensures producers are forced to sell their output at a discount rather than exporting at world market prices. North Dakota's Bakken crude...

Tags: face oil politics tough

Category:Electronics and Electrical

Latest from this category

All news

»
02.11Fragrancing Spaces with Atmos, A Smart Home Diffuser
02.11Eastern North Pacific Tropical Weather Outlook
02.11Atlantic Tropical Weather Outlook
01.11Tropical Depression Thirteen-E Forecast Discussion Number 1
01.11Tropical Depression Thirteen-E Graphics
01.11Tropical Depression Thirteen-E Wind Speed Probabilities Number 1
01.11Summary for Tropical Depression Thirteen-E (EP3/EP132024)
01.11Eastern North Pacific Tropical Weather Outlook
More »