Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Despite Senate support, oil export debate unsettled
by Daniel J. Graeber
Washington (UPI) Jul 31, 2015


disclaimer: image is for illustration purposes only

A bill passed in the U.S. Senate that would end a ban on crude oil exports was hailed as a geopolitical victory, though opponents questioned the evidence.

"There is no evidence exporting crude oil will enhance our national security," Jay Hauck, executive director of the Consumers and Refiners United for Domestic Energy, or CRUDE, coalition, said in an emailed statement.

The Senate Energy and Natural Resources Committee, in a 12-10 vote, voted to repeal a 1970s-era ban on crude oil exports. Committee Chair Sen. Lisa Murkowski, R-Alaska, has moved several pieces of legislation aimed at ending a ban on U.S. crude oil exports, arguing removing the ban would boost economic strength at home while advancing U.S. national security interests overseas.

As Murkowski said in the past, Louis Finkel, executive vice president for the American Petroleum Institute, said it's ironic that the ban remains in place while congressional leaders mull an Iranian nuclear deal that could put more of Tehran's crude oil on the international market.

"Lifting the ban will put downward pressure on fuel costs, create jobs, and strengthen our position as a global energy superpower," he added.

A report from the nonpartisan Congressional Research Service found some overseas refineries aren't designed to handle the lighter oils from the United States. The CRUDE coalition's Hauck argued potential trade partners need U.S. fuel, not U.S. crude oil.

The measure to end the crude oil export ban lacks support from Senate Democrats.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Shell resumes offshore oil drilling in Arctic
Washington (AFP) July 31, 2015
Oil giant Shell has resumed offshore drilling operations in Alaskan waters, the company said Friday, after one of its icebreakers was delayed for nearly two days by protesters dangling from a bridge. Greenpeace activists were suspended from a bridge and in kayaks in the water for more than 40 hours in an effort to block the Fennica icebreaker from traveling to the Transocean Polar Pioneer ri ... read more


OIL AND GAS
China's Alibaba to invest $1.0 bn in cloud computing

New chemistry makes strong bonds weak

Insights into catalytic converters

Syntactic foam sandwich fills hunger for lightweight yet strong materials

OIL AND GAS
Harris replacing satellite communications terminals

Lockheed Martin set to advance RF sensors development

Navy engineer invents new data transmission system

Fourth MUOS arrives in Florida for August launch

OIL AND GAS
SMC goes "2-for-2" on weather delayed launch

China tests new carrier rocket

Arianespace inaugurates new fueling facility for Soyuz upper stage

India Earned Over $100Mln Launching Foreign Satellites

OIL AND GAS
China launches two satellites as it builds GPS rival

Russia, Brazil to track space junk with GLONASS

China's Beidou navigation system to track flights

Russia's GLONASS Proves More Than a Match for America's GPS

OIL AND GAS
MH370 clues mount as wreckage identified as Boeing 777

Airbus Helicopters announces factory acceptance of training aircraft

Harris, CPqD to support Brazilian Air Force air traffic control

Delta to buy stake in China Eastern Airlines for $450 mn

OIL AND GAS
New type of modulator for the future of data transmission

This could replace your silicon computer chips

Spintronics: Molecules stabilizing magnetism

Intel and Micron memory chip tuned to data driven age

OIL AND GAS
Space-eye-view could help stop global wildlife decline

Satellites peer into rock 50 miles beneath Tibetan Plateau

Satellite imagery reveals Pilanesberg ring dike complex

Google lets users map their steps

OIL AND GAS
Synthetic coral could remove toxic heavy metals from the ocean

Degrading BPA with visible light and a new hybrid photocatalyst

Researchers discover how to cut worrying levels of arsenic

China air pollution levels fall: Greenpeace




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.