Lift on U.S. Crude Oil Export Ban Would Spur Downstream Development
The U.S. is on track to be the world’s top oil producer within two years. But laws prevent export of U.S. oil to everywhere but Canada.
Matt Mossman
December 18, 2013
A Canadian Pacific Railway Ltd. train transporting oil leaves Hardisty, Alberta, Canada, on Saturday, Dec. 7, 2013. Canadian heavy crude reached its strongest level in more than two months on the spot market as a pipeline connection to the U.S. Gulf Coast began filling with crude ahead of its startup next month. Photographer: Brett Gundlock/Bloomberg
Brett Gundlock/Bloomberg
