There are different types of crude oil located in different parts of the world... The United States has an abundance of "light, sweet" crude it currently can't sell to its allies, while the country needs "sour"crude oil from other countries. So, even with the ban lifted, importing oil is necessary.
A possible Senate breakthrough to end the wrongheaded crude oil export ban?
What kind of world do we live in, where America's leaders try to give Iran better international trading terms than we provide our own petroleum producers?
The United States recently overtook Russia and Saudi Arabia to become the world's leading oil and natural gas producer.
Today, there is only one major product the U.S. bans from export. Surprisingly, it is a product in which the U.S. is nearly self-sufficient.
A planned deal to swap Mexican crude for lighter and more expensive U.S. oil is just a drop in the bucket toward ending a 40-year ban.
As part of the new nuclear agreement, the Iranian energy industry will be allowed to export its oil. If only America was so lucky.
The Obama administration approved limited crude oil trading with Mexico on Friday, further easing the longstanding U.S. ban on crude exports that has drawn consternation from Republicans and energy producers.
While the U.S. advances a nuclear deal that would let Iran reemerge as a major oil supplier on the global market - to Iran's economic and competitive gain - the United States denies itself similar benefits by banning its own crude exports. This is hurting America....
As Republican presidential candidates prepare for their first debate on Thursday, the leader of the nation's top oil industry trade group said it's time for them to provide more details about their plans for U.S. energy policy.
