US Rep Barton (R-TX) reportedly aiming to create legislation that would remove the ban on exporting crude from the US; legislation to be introduced in next session beginning in 2015 - press
- Reminder: In mid June reports were that Obama administration said to have cleared way for initial exports of unrefined US oil; Allows energy firms more access following a ban of 40 years on selling US crude overseas. Sources indicate Federal officials have informed two energy firms
- Pioneer Natural Resources and Enterprise Products Partners
- they can legally export ultra-light oil condensate (more readily available due to the increased tapping of shale formations across the US, which require minimal processing); oil shipments could begin as early as August.