(Total Views: 223)
Posted On: 02/10/2022 12:01:19 PM
Post# of 126517
Don't make me laugh with refences to mental power you f'ing mental midget.
Not sure what point you're trying to make, because you never do make one.
Now, who was president in Jan of 2016, you dumbass?
US crude oil exports have risen sharply since Congress voted to lift the export ban. In January 2016,
America poised to export oil for first time in 40 years
https://money.cnn.com/2015/12/16/investing/oi...al/?iid=EL
by Matt Egan @MattEganCNN
December 16, 2015: 7:00 AM ET
Crude truth behind oil's global boom
CNNMoney
The U.S. is poised to lift a 40-year ban on exporting oil.
Lawmakers are close to authorizing oil exports as part of a broader $1.1 trillion spending and tax bill working its way through Congress. Sources told CNN the compromise measure, which is needed to avert a government shutdown, includes a provision that would roll back the export restriction.
The oil export ban was signed into law in 1975, part of the reaction to an OPEC embargo that created a shortage of crude and slammed the American economy with skyrocketing prices.
Today, the world has too much oil -- thanks in part to America's shale oil boom. Crude oil prices crashed below $35 a barrel, and a gallon of gasoline is on the verge of falling below $2 per gallon.
In other words, there is no longer an oil scarcity that justifies keeping it at home.
"Restrictions on free trade of energy are a legacy of a bygone era that doesn't reflect the realities of today," said Jason Bordoff, a former energy adviser to President Obama who testified on Capitol Hill about the issue.
Not sure what point you're trying to make, because you never do make one.
Now, who was president in Jan of 2016, you dumbass?
US crude oil exports have risen sharply since Congress voted to lift the export ban. In January 2016,
America poised to export oil for first time in 40 years
https://money.cnn.com/2015/12/16/investing/oi...al/?iid=EL
by Matt Egan @MattEganCNN
December 16, 2015: 7:00 AM ET
Crude truth behind oil's global boom
CNNMoney
The U.S. is poised to lift a 40-year ban on exporting oil.
Lawmakers are close to authorizing oil exports as part of a broader $1.1 trillion spending and tax bill working its way through Congress. Sources told CNN the compromise measure, which is needed to avert a government shutdown, includes a provision that would roll back the export restriction.
The oil export ban was signed into law in 1975, part of the reaction to an OPEC embargo that created a shortage of crude and slammed the American economy with skyrocketing prices.
Today, the world has too much oil -- thanks in part to America's shale oil boom. Crude oil prices crashed below $35 a barrel, and a gallon of gasoline is on the verge of falling below $2 per gallon.
In other words, there is no longer an oil scarcity that justifies keeping it at home.
"Restrictions on free trade of energy are a legacy of a bygone era that doesn't reflect the realities of today," said Jason Bordoff, a former energy adviser to President Obama who testified on Capitol Hill about the issue.
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