Iran and the Crude Export Ban | Russell T. Rudy Energy LLC
Lisa Murkowski (R-AK), is the leading advocate in the U. S. Senate for lifting the crude oil export ban. According to a recent article in “World Oil”, she has released a new report, “Cross-Currents: Iranian Oil and the U. S. Export Ban”, which contends that sanctions on Iranian oil exports should not be lifted without repealing the crude oil export ban on domestic production. The report goes on to say that “We are letting Iran export its oil to markets that we prevent our own companies from accessing.”
The Senate Energy and Natural Resources Committee had previously issued its report, “Rendering Vital Assistance: Allowing Oil Shipments to U. S. Allies”, which proposed the regulatory framework for allowing other nations to request exemptions from the U. S. crude oil export ban.
Murkowski and Heidi Heitkamp (D-ND) have submitted a bill lifting the crude export ban. Their proposal, “The Energy Supply and Distribution Act (S. 1312)”, received a hearing by the Senate Energy and Natural Resources Committee on June 9.
To read the article in its entirety, please go to http://www.worldoil.com/news/2015/6/23/iran-deal-will-disadvantage-us-oil-murkowski-says .
