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




OIL AND GAS
Oil exports a strategic move, Murkowski says
by Daniel J. Graeber
Washington (UPI) Jun 5, 2015


disclaimer: image is for illustration purposes only

U.S. Sen. Lisa Murkowski again pressed for an end to a 1970s ban on crude oil exports, arguing the United States can prove its mettle with its oil reserves.

Legislation enacted in response to the 1970s oil embargo by Arab members of the Organization of Petroleum Exporting Countries bans the export of unprocessed crude oil. With U.S. oil production eclipsing 9 million barrels per day, Murkowski argued ending the ban would be a strategic initiative.

"This is something that is simply in the best interest of the United States, in terms of both our economic strength and our national security," she said in a statement. "The time to legislate on oil exports is now."

Murkowski, R-Alaska, chairwoman of the Senate Energy Committee, introduced a measure in May that seeks to standardize the federal definition and policies regarding condensate, an ultra-light form of crude oil found in some domestic shale deposits.

When last year the U.S. Bureau of Industry and Security, a division of the Commerce Department, authorized two U.S. companies, Pioneer Natural Resources and Enterprise Products Partners, to ship so-called condensate from the U.S. market, Murkowski welcomed the step but said U.S. export policies were nonetheless outdated.

Murkowski and Sens. Heidi Heitkamp, D-N.D., and John Hoeven, R.-N.D., may insert language in the National Defense Authorization to address the oil export ban. Sen. John Cornyn, R-Texas, introduced amendments to the act, arguing U.S. and NATO allies are vulnerable to the whims of oil producers, and U.S. adversaries, Iran and Russia.

"These amendments would strengthen the strategic hand of the United States in a world that grows more complicated by the day, not to mention more dangerous," he said in a statement.

A report from the non-partisan Congressional Research Service finds some overseas refineries aren't designed to handle the lighter oils from the United States.

Despite some oil leaving the domestic market under various circumstances, the White House has maintained there has been no change in export regulations.


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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Bakken gets federal crime strike force
Washington (UPI) Jun 4, 2015
State and federal authorities announced the creation of a "strike force" aimed at addressing organized crime in and around the Bakken oil field. "The strike force will have the capability of not only dismantling local criminal organizations in the Bakken, but also to take out the national and international components of these organizations wherever they may be located," acting U.S. Atto ... read more


OIL AND GAS
Patent for Navy small space debris tracker granted

MUOS-3 communications satellite completes in-orbit testing

New computational technique advances color 3D printing process

3D printers get Ugandan amputees back on their feet

OIL AND GAS
Continued Momentum for Commercial Satellite Acquisition Reform

IOC status for upgraded French AWACS aircraft

Russian Radio-Electronic Forces to Conduct Drills in Armenian Mountains

Thales granted multiple-award IDIQ contract for Army radios

OIL AND GAS
Recent Proton loss to push up launch costs warns manufacturer

Air Force Certifies SpaceX for National Security Space Missions

SpaceX cleared for US military launches

Ariane 5's second launch of 2015

OIL AND GAS
Satellites make a load of difference to bridge safety

Advanced Navigation Releases Interface and Logging Unit

Raytheon delivers hardware for next-gen USAF GPS system

Russia, China Agree on Joint Exploitation of Glonass Navigation Systems

OIL AND GAS
China's Shenzhen Airlines to buy 46 Boeing planes

Stealth ability neutralized as Russia's T-50 jet fighter to rule the skies

NASA Tests Aircraft Wing Coatings that Slough Bug Guts

South Korea detains officers for alleged falsified helo test reports

OIL AND GAS
New chip makes testing for antibiotic-resistant bacteria faster, easier

A chip placed under the skin for more precise medicine

Collaboration could lead to biodegradable computer chips

Stanford breakthrough heralds super-efficient light-based computers

OIL AND GAS
Astronomers make 3-D movies of plasma tubes

NASA Soil Moisture Mission Begins Science Operations

In the Field: SMAP Gathers Soil Data in Australia

Mischief makers prompt Google to halt public map edits

OIL AND GAS
Spain's crisis has taken environmental toll: Greenpeace

Researchers say anti-pollution rules have uncertain effects

Greenpeace India vows to win 'malicious' funds battle

Wetlands continue to reduce nitrates




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.