EPA is continuing its attempts to stay or postpone various Obama-era requirements on the oil and gas industry. It has proposed 90-day and two-year stays of the most recent and encompassing regulations imposed during the last years of the Obama administration. Some of these attempts are ensnared in court proceedings. However, the oil and gas industry itself is not idly standing by waiting for relief. Instead, oil and gas production is steadily climbing to record levels. Continue reading “Oil and Gas Production is Not Waiting for EPA”
Category: Organization of the Petroleum Exporting Countries
Is It Time to Lift the Oil Export Ban?
The export of crude oil was largely banned in reaction to the 1973 Arab oil embargo. Now, momentum seems to be in favor of reversing the ban. Many argue that doing so will substantially enhance the U.S. economy by increasing domestic production, creating jobs, and reducing consumer fuel prices. Continue reading “Is It Time to Lift the Oil Export Ban?”