Subscribe free to our newsletters via your
. Space Travel News .




OIL AND GAS
No change in oil export policy, White House says
by Daniel J. Graeber
Washington (UPI) Jan 14, 2015


disclaimer: image is for illustration purposes only

There has been no change in U.S. policy regarding the export of domestically produced crude oil, the president's spokesman said.

U.S. Energy Information Administration Administrator Adam Sieminski said that, while low crude oil prices are slowing the rate at which domestic oil production is increasing, exploration and production activity is still accelerating at a record pace.

"Drilling activity is expected to increase and U.S. production should rise in 2016 to its second highest daily output level since record production was set in 1970," he said in a statement tied to the release of a short-term market report.

Most of the increase in U.S. oil production is coming from shale basins in the Lower 48 states and some of that is developed as condensate, an ultra-light form of crude oil. Recently, some companies working in U.S. shale have started to export condensate, raising questions about U.S. policies on exports.

White House spokesman Josh Earnest said Tuesday there has been no change in export regulations.

"These kinds of regulations related to crude oil exports are administered by the Department of Commerce," he told reporters. "So if there's any sort of formal announcement about a change, it will come from the Department of Commerce."

The Commerce Department's Bureau of Industry and Security said in a late 2014 policy overview condensate produced in a certain way is not crude oil, but a petroleum product subject to few export restrictions.

EIA in November said it was assessing the impact of a "possible relaxation of current limitations on U.S. crude oil exports, which is another avenue to accommodate domestic production growth."

Arab members of the Organization of Petroleum Exporting Countries in the early 1970s placed an embargo on oil exports in response to U.S. policies on Israel. In response, the U.S. Congress passed legislation that places restrictions on crude oil exports from domestic sources.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
The Real Cause Of Low Oil Prices
Washington DC (SPX) Jan 13, 2015
With all the conspiracy theories surrounding OPEC's November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. When discussing harsh truths in energy, no sector is in greater need of a reality check than renewable energy. b>OP: / ... read more


OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

SpaceX launches cargo to ISS, rocket ocean landing fails

SpaceX to attempt rocket, cargo launch Saturday

Arianespace confident current and future launcher family will meet needs

OIL AND GAS
Russia-EU Mars Research Program to Be Completed

Mars is warmer than some parts of the U.S. and Canada

NASA Mars Rover Opportunity Climbs to High Point on Rim

Potential Signs of Ancient Life in Mars Rover Photos

OIL AND GAS
Service Module of Chinese Probe Enters Lunar Orbit

Chinese spacecraft to return to moon's orbit

Russian Company Proposes to Build Lunar Base

'Shooting the Moon' with Satellite Laser Ranging

OIL AND GAS
Swarms of Pluto-Size Objects Kick Up Dust around Adolescent Sun-Like Star

On Pluto's Doorstep, NASA's New Horizons Spacecraft Awakens for Encounter

New Horizons Wakes Up on Pluto's Doorstep

NASA craft to probe Pluto after nine-year journey

OIL AND GAS
CfA: Eight New Planets Found in "Goldilocks" Zone

Eight new planets found in 'Goldilocks' zone

Gemini Planet Imager produces stunning observations in its first year

Volunteer 'Disk Detectives' Classify Possible Planetary Habitats

OIL AND GAS
NASA Completes Investigation of July 2014 Sounding Rocket Failure

Angara-A5 Launch Opens New Page in Russia's Space Exploration

Russia successfully test-launches new rocket

India launches biggest ever rocket into space

OIL AND GAS
China launches the FY-2 08 meteorological satellite successfully

China's Long March puts satellite in orbit on 200th launch

Countdown to China's new space programs begins

China develops new rocket for manned moon mission: media

OIL AND GAS
Dawn of a strange new world

See comet Lovejoy with the naked eye this weekend

Amateur astronomers capture comet Lovejoy on camera

Comet Lovejoy Glows Brightest During Mid-January




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.