Tag: US oil gas export

• Tuesday, August 4th 2015 - 18:40 UTC

  US closer to lifting 40-year ban on oil and natural gas exports; bill needs Senate floor vote

  

  The United States is closer to begin exporting oil. The Senate Energy Committee passed a bill last week that would lift a decades-old ban on the export of crude oil. The 22-member panel approved the initiative to allow the US to export oil and boost state revenue-sharing for offshore oil and gas drilling by a vote of 12-10.