Oil Industry to Push for Expanded Petroleum Exports

Khor al Fakkan, UNITED ARAB EMIRATES: Japanese oil tanker Mogamigawa of Kobe, involved in accident with US Navy nuclear-powered submarine USS Newport News off the Gulf Coast, is seen on the coast of Khor al Fakkan, United Arab Emirates, 10 January 2007. The Japanese government today urged the United States to fully investigate the cause of a collision between a US nuclear submarine and a Japanese commercial tanker in the Arabian Sea. 
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Clare Foran
Nov. 6, 2013, 4:14 a.m.

Bloomberg re­ports that the U.S. oil in­dustry is look­ing to make a push for in­creased pet­ro­leum ex­ports.

Ac­cord­ing to a plan­ning doc­u­ment ob­tained by Bloomberg from the Amer­ic­an Pet­ro­leum In­sti­tute, the largest trade as­so­ci­ation for the U.S. oil and gas in­dustry, the or­gan­iz­a­tion may pur­sue an ad­vocacy strategy fo­cused on high­light­ing the po­ten­tial of cur­rent ex­port re­stric­tions to vi­ol­ate in­ter­na­tion­al trade laws.

Though API would not com­ment on wheth­er it will ad­here to the plan­ning doc­u­ment, a spokes­per­son for the or­gan­iz­a­tion em­phas­ized the im­port­ance of rolling back ex­port lim­it­a­tions.

“Ex­port is­sues are something we’re go­ing to have to ad­dress,” John Felmy, chief eco­nom­ist for API, said. “It’s a de­bate we have to have.”


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