The US administration has canceled more than four decades in force a ban on the export of oil.
Bureau of Industry and Security (BIS), which deals with export controls, said that issued the appropriate permissions to several companies to sell oil. Earlier corresponding applications filed more than 20 companies. The Office also issued a statement, which sets out certain rules of oil exports.
Ban on the export of American oil was installed in 1970 in the wake of the oil embargo in the United States and several countries of Western Europe, the introduction of some Arab states. This step was dictated by the interests of the national security of the United States. Now, in the wake of "shale revolution", the US managed to increase production by half the oil.
Mango chutney
Number one in oil, really? That's going to make us all feel great when we are ranked number 201 in water quality, cause the way the oiligarchs want to get that
fracking - fracturing ancient underground encasements of oil with water applied under force, than separating the two later on. This leaves just a little residue in your
tap water, you'd hardly notice it, try half a teaspoon of 10W - 40 in a glass of Perrier for a tasty and refreshing treat. May have beneficial effects on consumer health. Creates jobs that would otherwise go to Saudi Arabia.
Here's a better idea - let the Saudis do the fracking, they don't have any water anyway. Then we could exchange our water for their oil, straight up, a gallon for
a gallon.
Lynn S
It is high time to sever our dependence on not only foreign oil, but all petroleum. Let's market the technology for hydrogen fuel cell vehicles so we can put a stop to the damage that the 20th century caused to the environment.
It is enticing to think that we can turn our economy around in just a few short years by exporting our natural resources, but we can instead put our human resources to work designing and building a new carbon-free infrastructure. And those are jobs that cannot be outsourced.
