ANNOUNCEMENT 17 Sep 2015

In September 2015, the government of the United States of America announced an altered export prohibition.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: No inception date

Export ban

The Energy and Commerce Committee in the U.S. House of Representatives approved on September 17, 2015 a bill (H.R.702) that would end the U.S. ban on the export of crude oil, and the full House of Representatives approved the bill on October 9, 2015 by a vote of 261 to 159. The bill provides for the repeal of the existing legislative basis of the ban (Section 103 of the Energy Policy and Conservation Act), and further provides that, "Notwithstanding any other provision of law, to promote the efficient exploration, production, storage, supply, marketing, pricing, and regulation of energy resources, including fossil fuels, no official of the Federal Government shall impose or enforce any restriction on the export of crude oil." The bill will now go to the Senate for its consideration. The future of the legislation is in doubt, however, due to the partisan divisions within Congress (Republicans support the bill and Democrats oppose it) and the opposition of the White House. 
 
 
 

AFFECTED SECTORS

 

AFFECTED PRODUCTS