June 25, 2014
OUR REPUBLICAN PRESIDENT:
US eases decades-old ban on oil exports (Deutsche Welle, 6/25/14)
Posted by Orrin Judd at June 25, 2014 1:28 PMThe United States has taken the first step toward lifting a decades-old ban on the sale of unrefined oil abroad. The decision could be a boon for an industry that has seen fuel prices drop amid a surge in natural gas. [...]The government's approval is the first step toward easing a ban on exporting unrefined oil that was enacted after the 1973 Arab oil embargo to curb rising fuel prices.