Tag Archives: oil production and exportation

US Moves to Loosen Crude Oil Export Rules

US Inflation - Econedlink

For the first time in nearly 40 years, the Commerce Department ruled that two US companies can export condensate, a type of crude oil previously banned from sale abroad. Insiders explain that shipments are likely to be small, but they could serve as a valuable precedent to allow broad exportation of US unrefined oil products. While this appears as the government playing favorites for now, any move to allow markets to function without government intervention should be viewed as positive.
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