Oil Export Ban

In This Issue:
– Recent Settlement Under EPA’s Energy Extraction Initiative Provides Insight For Future Enforcement in the Oil and Gas Industry
– Tax Incentives Offer Hope for UK Oil and Gas Industry Affected by Low Oil Prices
– It’s Time to End the Crude Oil Export Ban

oil tanker and storage

The Department of Energy recently approved an application from Alaska LNG to export natural gas. But there’s a catch: these exports can only go to nations where the United States has a free-trade agreement in place. Never mind the fact that the top markets for LNG are India, China, and Japan, where we don’t have… Keep reading →

U.S. Trade Deficit Reaches All-Time High

The U.S. Department of Commerce’s (DOC) Bureau of Industry and Security (BIS) is the section in charge of regulating exports of crude oil. The U.S. is producing more oil than it has in the previous decades; however, a government ban on crude oil exports has created an oversupply, resulting in opportunities for numerous industry players. The… Keep reading →