07/05/1999
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Alaska oil exports
The U.S. General Accounting Office reports that lifting the export ban on Alaskan North Slope (ANS) crude in 1995 has increased oil prices for ANS oil and should increase future production. GAO said prices are between 98¢/bbl and $1.30/bbl higher than they otherwise would have been. Removal of the ban has not led to a large volume of exports, only about 60,000 b/d or 5% of ANS output. Sen. Frank Murkowski (R-Alas.) said, "This review confirms what we projected back in 1995. Lifting the ban