[Enlightened1]

[Smokin' Joe]

The companies shipped oil pumped from the Eagle Ford Shale of Texas.

I thought it was Texas oil, because a lot of Bakken oil is actually very dark green.

[Enlightened1]

“America officially banned exports in 1975. It came two years after an OPEC oil embargo that banned oil sales to the U.S. had sent gas prices skyrocketing.”

Keep in mind we consider OPEC countries like Saudi Arabia that provide military weapons, finance and support Al-Qaeda and ISIS who kill American soldiers.

This is who we call our “friends”.

[Darksheare]

Would be better off refining it here and using it to reduce our dependence on foreign oil.

[Rashputin]

Oil companies agree to a plan for a CO2 tax and, bada boom, oil companies can now export oil

The US is now run by people who see the US and US citizens as no different than colonies in Africa in the nineteenth century.

All the "free trade", "free markets", exaggerations people swallowed are now paying off. The right people benefit from globalization and the nation that was America dissolves into a third world resource provider full of warring factions.

[major-pelham]

booming U.S. oil production from the shale revolution creating an epic supply glut that recently sent oil prices below $30 a barrel
‘
Great news! My nit is this quote. It wasnt the US supply that did that it was the Saudi actions (and others) to also increase production that made the price so low trying to effect a kill shot on the nascent US industry. Friends like that, committing economic suicide, who needs enemies?

[Donglalinger]

All it took is for Paul Ryan to give Obama everything he wanted and more.

[Celtic Conservative]

The feds finally looked up the meaning of “fungible”, did they?

CC

[ChessExpert]

“with booming U.S. oil production from the shale revolution”

I notice they do not use the word “fracking.” The MSM can’t say anything positive about fracking. I suppose some people will end up lauding the “shale revolution” and condemning “fracking” even though they are the same thing.

[ChessExpert]

With the current US oil glut, it seems to make sense to buy for the strategic petroleum reserve. The US Government could buy at low prices.

[Lorianne]

Exporting it now when the price is at a historic low does not seem very smart.

[Libertynotfree]

Your so called representatives are so corrupt and so stupid. Our oil reserve ban for export for a reason — to secure our economy for foreign treat. Especially the oil prices are so low now, there are no incentive for us to sell our oil reserve, except for personal (political manure.)