WASHINGTON, Jan 27 (Reuters) – While debate heats up about
whether to lift a 40-year ban on the export of most U.S. crude
oil, producers are likely to focus first on using the
flexibility of the current law as a way to increase the amount
of crude they can ship abroad.
The potential for exports is an outgrowth of the huge U.S
shale oil production boom of the past decade, especially in the
Bakken oil formation in North Dakota. The issue became one of
the biggest of the year after U.S. Energy Secretary Ernest Moniz
in December suggested the ban was outdated.