$Midstream - US refiners selling off, ....... - $Midstream - InvestorVillage
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Msg  65 of 70  at  6/25/2014 12:45:56 PM  by


The following message was updated on 6/25/2014 12:47:29 PM.

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 ET

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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