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The shipment was originally secluded to depart in late January.
Harold Hamm, CEO of Continental Resources, says it’s a sign that the world sees domestic light, low-sulfur oil as superior to international oil, much of which is denser and higher in sulfur.
Enterprise Products Partners says the shipment will be the first export of domestic crude from the Gulf Coast in four decades.
The negotiations signal that Democrats are willing to consider the possibility of oil exports, a policy goal long sought by oil producers including ConocoPhillips. In return, Democrats are also seeking long-term extensions of tax breaks for renewable energy such as solar and wind.
Two oil export amendments have been teed up for possible consideration when the House of Representatives next week takes up legislation that would reauthorize federal highway and transit programs for six years.
American Petroleum Institute President Jack Gerard sees at least 20 legislative approaches to lifting the ban on U.S. oil exports.
Even when U.S. natural gas is super-chilled into a liquid form, shipped by tanker around the globe, and burned to generate electricity, it producers fewer greenhouse gas emissions than the coal it often displaces, according to an industry analysis released Monday.
With Congress nearing a vote on oil exports, a group opposed to foreign crude sales is hitting the airwaves in five states.
Sen. Robert Menendez, D-N.J., has historically opposed oil exports, but on Tuesday, he floated the possibility of “strategic” crude sales to U.S. allies while a nuclear deal with Iran is renegotiated.
The paper notes the “great geopolitical irony” that “lifting sanctions will boost Iranian oil exports at a time when federal law and regulations generally prohibit American oil exports.”