Oil export ban repeal part of long game

| The Jamestown Sun

In what has become dark days for the U.S. oil industry and the thousands of workers it supports, Congress provided some light this week by agreeing to repeal the American crude oil export ban as part of the 2016 spending bill. President Barack Obama signed the bill late Friday.

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U.S. Energy Policy Now Reflects Our Energy Reality

Brigham A. McCown | Forbes

From immigration to tax reform, it is natural for public policy to evolve and adapt in response to the current environment and today’s challenges. This month, Congress answered the need for change in its year-end omnibus deal by including language lifting the restrictions on crude oil exports from the United States. By acknowledging the seismic shift in our nation’s energy landscape – from scarcity to abundance – we now have the potential and the means to define the future of energy in America.

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U.S. Gulf Coast Infrastructure Provides For Crude Oil Exports Without Delay

Richard Zeits | Seeking Alpha

Enterprise Products Partners (NYSE:EPD) announced yesterday that it has agreed to provide pipeline and marine terminal services to load its first export of crude oil produced in the United States. The crude is being shipped under the law enacted last week lifting the ban on exports of unprocessed crude oil produced in the U.S. The 600,000 barrel cargo of domestic light crude oil is scheduled to load at the Enterprise Hydrocarbon Terminal (“EHT”) on the Houston Ship Channel during the first week of January 2016.

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Aframax tanker owners will probably be the first ones to benefit from the lifting of US oil exports ban

| Hellenic Shipping News

U.S. crude oil exports will change the oil and tanker market said Poten & Partners in its latest weekly report. According to Poten, the potential for U.S. crude exports is a big deal and within a few days many articles and opinion pieces have come out to explain what this means for oil prices, refining margins, the WTI/Brent spread and many other factors.

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Our inalienable right to free trade

Jeff Jacoby | The Boston Globe

WHO SAYS NOTHING ever gets accomplished in Washington? When the House of Representatives voted this fall to lift the nation’s 40-year ban on exporting crude oil produced in the United States, the measure seemed doomed in the face of White House opposition. But on Wednesday, congressional leaders settled on a massive spending and tax package, and, wonder of wonders, the resumption of oil exports made the final cut. Both House and Senate were expected to pass the legislation promptly (albeit grudgingly); President Obama has said he’ll sign it.

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