Wednesday, June 19, 2013

Oil Exports

Here is a Bloomberg article on the United States becoming a potential oil exporter.  I didn't know Congress banned oil exports in the 1970s, I just assumed that domestic demand was so great and that we imported so much oil, there was no excess crude to export.  Hydraulic fracturing (fracking) is leading to supply increases, and last year US oil production set a record. 

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