From West Texas to the World

Why Washington May End its Ban on Crude Oil Exports

Andrew Cullen / Reuters

On October 7, the U.S. House of Representatives voted overwhelmingly to repeal a 40-year-old ban on exports of domestic crude oil to foreign countries. Two Senate subcommittees also support the repeal, and the full Senate will likely vote shortly. The Obama administration has threatened to veto the repeal, but that has only made it a hot issue in the 2016 presidential campaign. Republican presidential candidates Jeb Bush and Marco Rubio favor repealing the ban; Democratic candidate Hillary Clinton opposes it. Why is Washington suddenly debating the ban? For 40 years, ending the injunction was, in the words of Jason Bordoff, a former energy …