Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
U.S. weighing options on 1970s oil export ban
by Daniel J. Graeber
Washington (UPI) May 19, 2013


disclaimer: image is for illustration purposes only

The White House is reviewing its policy options regarding legislation enacted in 1975 that restricts U.S. crude oil exports, a presidential assistant said.

Crude oil exports are restricted because of a law enacted in response to an oil embargo from Arab members of the Organization of Petroleum Exporting Countries. Dan Utech, an energy adviser to the White House, told the Platts energy news service the administration was reviewing the measure.

"We're thinking through the implications [of growing U.S. crude oil production,]" he said in an interview Sunday.

The U.S. Energy Information Administration, the statistical arm of the Energy Department, said in its latest monthly report total U.S. crude oil production averaged 8.3 million barrels per day in April, the highest monthly average since March 1988. By 2015, the average should reach 9.2 million bpd, the highest level in more than 40 years.

Utech said the administration would evaluate its policy options on crude oil exports "as needed." The focus now was on matching the increase in U.S. crude oil production with what the domestic refining capacity.

Sens. Mary Landrieu, D-La. and Lisa Murkowski, R-Alaska, in April called on EIA Administrator Adam Sieminski to consider lifting the export ban.

.


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





ENERGY TECH
French services company lands deal to help build Yamal LNG
Paris (UPI) May 15, 2013
French energy services company Technip said Thursday it secured a contract to help build a liquefied natural gas terminal in Russia's Yamal Peninsula. The French company said it landed a "very major contract" for engineering, procurement and construction for a liquefied natural gas facility from a joint venture led by Russian independent gas producer Novatek. The Yamal LNG facili ... read more


ENERGY TECH
Land-based variant of Aegis tested

Canadian missile defense radar to be operated, maintained by Raytheon

Propulsion Module For SBIRS GEO-4 Satellite Completed

Canada revisiting ballistic missile defense: official

ENERGY TECH
Lockheed Martin Demonstrates Javelin Firing From Turret in UK Test

Lockheed Martin weapons turret demonstrated with missile system

Advanced Precision Kill Weapon System rockets for Jordan

Raytheon's JSOW scores direct hits in back-to-back flight tests

ENERGY TECH
Nature inspires drones of the future

US drone deployed in Japan for first time

ATC coms system in works for Predator

Airbus' VTOL Quancruiser UAV successfully transitions to fixed-wing flight

ENERGY TECH
Exelis to help repair, modernize tactical radios

The U.S. Navy has contracted Harris Corporation for next-gen radios

Harris to provide IT service and support for homeland security

Communications upgrade for B-52 bombers

ENERGY TECH
Lockheed Martin receives orders for Enhanced Laser Guided Training Rounds

Finland's Millog Oy producing target acquisition system

Raytheon delivers 1000th Miniature Air Launched Decoy Jammer to USAF

Poland receives surplus German tanks

ENERGY TECH
Pentagon chief to take in Singapore, Europe next week

French PM vows to keep defence budget intact after warnings

After wars, US struggles to provide care for vets

US plans nearly $1 billion arms deal with Iraq

ENERGY TECH
Vietnam accuses Chinese ship of sinking fishing boat

China fighters in 'dangerous' brush with Japanese planes

Jaitley named India's finance, defence minister

Russia military says troops to quit Ukraine border in 20 days

ENERGY TECH
Engineers build world's smallest, fastest nanomotor

Bending helps to control nanomaterials

Nanoscale heat flow predictions

Harnessing Magnetic Vortices for Making Nanoscale Antennas




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.