Posted on 06/27/2014 4:51:33 PM PDT by mgist
Did the Obama administration just quietly lift the four-decade old ban on U.S. crude oil exports? Not quite.
On Tuesday, The Wall Street Journal and Reuters reported that the Commerce Department issued a private letter ruling allowing Pioneer Natural Resources and Enterprise Products Partners to export unrefined crude oil that comes from the Eagle Ford geological region of Texas.
(Excerpt) Read more at washingtonpost.com ...
Following the money and the stench of corruption, is always the best bet with Obama Soros.
Soros, who at some point was knighted the permission to dictate US policy, pretends to request the release "oil reserves" to punish pouty Putin.
Soros endorsed Sale of US Oil reserves. -Bloomberg 3/2014
"transparent" Obama does his dog and pony show for the public, and obediently made a "private" ruling that allowed 2 Otherwise unknown companies, Pioneer and Enterprise, to increase their oil exports. US ruling allow 1st Shipment of Oil Overseas Wall Street Journal 2014
Guess what the "Scourge of Asia" referred to a "philanthropist" by US media, AKA convicted felon, has been buying up since Dec. of last year?
http://www.fool.com/investing/general/2013/12/26/billionaire-george-soros-is-buying-this-texan-oil.aspx
It's all good because the media lap dogs cover with articles like these and there is nothing to see here kids.
Wonder how many White House visitors, Liberal operatives, and Phony Republicans have purchased those 2 "Las Vegas lucky" Energy Company stocks? Because Conservatives are greedy, right? God will take care of them.
2 things from the article
There are no limits on U.S. exports of refined petroleum products.
The Energy Policy and Conservation Act of 1975 signed by President Ford blocked exports of U.S. crude oil (and natural gas) but allowed the president to exempt shipments “which he determines to be consistent with the national interest.”
This is neither crude oil or natural gas.
Obama gets one thing right in 5 and a half years.
Lifting the ban on exports of unrefined oil exports wasn’t what is wrong.
The problem is that Soros is dictating policy, and engaging in insider trading. He was buying up these companies since June of last year.
Then there is the fact that Obama does NOTHING openly, and Congress needed to be vetted.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.