Republicans in Congress argue that the restriction has been rendered out of date,but members of Oil Change International call it ‘a catastrophe for the climate’Environmentalists hold condemned a budget deal in Congress to lift a 40-year ban on US crude oil exports as “a catastrophe for the climate”.[br]Republicans hold trumpeted the move as a major victory that will create 1m jobs and add $170bn to annual GDP. They argue that the restriction, imposed in 1975 during chronic oil shortages, and has been rendered out of date by burgeoning US supplies enabled by new drilling methods.
Continue reading...
Source: theguardian.com