US should repeal its antique ban on the export of crude

Sooner or later, the US government must allow general export of crude oil. Sooner would be better than later. A couple of recent developments illuminate the need. First, crude oil exports are reported by the Energy Information Administration to have jumped in February to their highest level since April 2000. The amount wasn't great: 124,000 b/d. And all of it went to Canada, which is exempt from a ban in place since 1979. But demand outside the US exists. And domestic supply is growing. The second development was a call for removal of the export ban from the head of the International Energy Agency. In a May 14 press conference, IEA Executive Director Maria van der Hoeven said companies wi...

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