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What happens if we scrap the US oil exports ban?

What happens if we scrap the US oil exports ban?

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The longstanding ban on most US crude oil exports could be on the way out.

Senate Energy Committee Chair Lisa Murkowski (R) of Alaska and Sen. Heidi Heitkamp (D) of North Dakota introduced a bill Wednesday to lift the decades-old ban – a quest that’s become a cause célèbre among energy-state legislators from Texas to North Dakota.

Efforts to allow for oil exports have picked up steam in recent months due to low oil prices, and the crude exports push could creep into debates over a proposed trans-Pacific trade deal or broader energy legislation.

What happens if we scrap the US oil exports ban?

-Christian Science Monitor 5/13/2015