(Reuters) – A U.S. government office has the power to approve exports of an abundant type of petroleum and help energy companies begin to partially bypass a 40-year ban on crude exports, according to a report released on Tuesday by Lisa Murkowski, the top Republican on the Senate Energy and Natural Resources Committee.
Some domestic oil refiners are fighting new measures that would be economically beneficial for the country as a whole but decrease their profitability, experts said.
Republicans criticized the left wing Center for American Progress at a Thursday Senate hearing for releasing a report that they say misrepresents the findings of studies on crude oil exports.
Sen. Lisa Murkowski (R., Alaska) urged President Barack Obama to lift a ban on U.S. oil exports Tuesday, Reuters reports.
Sen. Lisa Murkowski (R., Alaska) on Tuesday slammed the Environmental Protection Agency’s attempts to curb greenhouse gas emissions as contrary to the nation’s economic interests.
Senate opposition is growing toward former Sen. Chuck Hagel following his appearance before a contentious hearing of the Senate Armed Services Committee on his nomination to be secretary of defense.