Congressman to introduce bill to lift U.S. oil export ban

U.S. Rep. Joe Barton (R-TX) asks a question of the witnesses during a House Energy and Commerce Committee hearing on the Patient Protection and Affordable Care Act on Capitol Hill in WashingtonBy Timothy Gardner WASHINGTON (Reuters) – U.S. Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners. Barton, a Republican from Texas, will introduce a bill to lift the export ban Congress passed in the 1970s after the Arab oil embargo led to fears of fuel shortages, an aide said. …

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