United States lifts a ban imposed 40 years ago for oil exports
United States lifts a ban imposed 40 years ago for oil exports
2015/12/16 13:36
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the agency “Bloomberg” reported that the leaders of the US Congress agreed to lift the ban imposed since 1975 on oil exports from the United States, what is an unprecedented shift in US energy strategy.
The news agency “Bloomberg” America Republican Congressman from Texas Joe Barton as saying on Wednesday that “such a move would make the United States leads the energy policy in the world.”
What this agreement remains need to be ratified by the Senate and House of Representatives, and US President Barack Obama.
Over the past two months, the US House of Representatives voted twice on the draft law presented by the Republicans to lift the ban on the export of American oil, but in both cases the bill did not receive this endorsement by the Senate. As US President Obama’s administration also opposes the lifting of the ban.
The increased pressure on the US government in recent times to lift the export ban, following the increase in oil production in the United States thanks to a new technology in drilling, which allowed exploration in the rocky soil, prompting the production and US inventories to record levels.
On the other hand, Abdullah Al-Badri, Secretary General of the Organization of Petroleum Exporting Countries “OPEC” stressed that oil prices will not be affected in the event of export for US crude lifting.
Badri said that the impact of US crude exports on the oil market is equal to “zero”, noting that That is because the United States still imported state, and said the United States “may be issued light crude extracted from the rocky soil, but it will continue to import heavy crude” .anthy
alliraqnews.com