Comment on Even with low prices, US oil industry pushing for exports

Even with low prices, US oil industry pushing for exports

WASHINGTON (AP) — Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas. It might seem counterintuitive: Oil prices are as low as they have been at any point since 2009 and the height of the Great Recession, and some predict they could drop further still. But oil producers are playing a longer game, betting that long-term demand remains strong and new markets offer lucrative rewards for U.S.

 

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