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US refiners selling off, ....... Maybe this is good for the shipping companies? Obama Administration Widens Export Potential for U.S. Oil By Zain Shauk, Dan Murtaugh and Rakteem Katakey Jun 25, 2014 8:38 AM ETbloomberg.com  US challenges oil export ban with approvals for two Texas companies Posted on June 24, 2014 at 6:18 pm by Jennifer A. Dlouhy fuelfix.com WASHINGTON — The Obama administration has cleared the way for two energy companies to sell an ultralight variety of oil overseas after minimally processing it, a decision that tests the limits of a long-standing ban on exporting U.S. crude... ...Slippery slope Sen. Ed Markey, D-Mass., who opposes oil exports, said the Commerce Department’s decision “puts America on a slippery slope to send more of our oil abroad, even at a time when the Middle East is in disarray and tensions are running high with Russia.” “We should keep our resources here at home for American families and businesses, not send this oil abroad even as we import oil from dangerous regions of the world,” Markey said in a statement... |
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