North America
December 28, 2015
Fossil Fuels | Oil
Policy Brief
Spending Bill Lifts U.S. Oil Export Ban And Extends Tax Credit For Renewables
Boon to Oil Producers, Wind and Solar Companies, while Domestic Refiners May Suffer
Key Takeaways: Removal of crude oil export restrictions expands U.S. access to the global market, but an immediate boost to U.S. crude exports is unlikely due to the global oil-supply glut and low prices Crude oil exports could harm the domestic refining industry, although the level of impact depends on the refining sector growth and…
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