not like Alaska is awash in oil anymore or that the producers have no market for the crude from the North Slope?
By MarEx June 25, 2014
Update: The White House said on Wednesday there had been no change to U.S. policy on exports of crude oil. A White House spokesman suggested the reports had been misleading.
Media reports are stating that U.S. officials have allowed two companies to export shipments of a light oil called condensates.
The Wall Street Journal reported that the U.S. Commerce Department gave approval via a private ruling to Pioneer Natural Resources Co and Enterprise Product Partners LP to export the oil.
Senator Lisa Murkowski urged the Obama administration to fully lift the 40-year-old ban on crude exports following these approvals.
“Commerce’s decision to allow companies to process condensate and export the resulting products is a reasonable first step that reflects the new reality of our energy landscape,” Murkowski of Alaska, the top Republican on the Senate energy committee, said in a release. “I continue to urge the administration to fully lift the ban on crude oil and condensate exports.”
it’s got to be about China and the use of foreign ships.
I say NYET to her! US oil needs to stay in the US!