40 years after the US Congress lifted the ban on the export of oil 12/19/2015
40 years after the US Congress lifted the ban on the export of oil
12/19/2015 0 Comments
Baghdad / follow-up Baghdadiya News / .. and approved by the US Congress, to lift the ban on the export of domestic oil to the outside, it came within the budget law for 2016.
The approval came on the lifting of the ban on settlement building include procedures for renewable energies to meet the desire of Democrats, compared to cancel the ban in place since 1975. Congressional approval comes in the wake of the US House of Representatives approval to lift the ban imposed 40 years ago on the export of American oil.
The Congress may prevent the export of US oil in 1975 in fear of a shortage, after the oil shock in which the black gold prices hit a big increase.
The agency says the government the power to inform that "crude oil production in the United States rose from 5 million to 8.7 million barrels per day between the years 2008 and 2014, thanks to new technology in drilling, which allowed exploration in the soil Ackah.anthy