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Home » U.S. Exploration Companies Drill for Congressional Support for Crude Oil Exports

U.S. Exploration Companies Drill for Congressional Support for Crude Oil Exports

October 9, 2015
New York Times

Now, their long-shot lobbying effort to repeal the 40-year-old export ban has gathered considerable momentum. Approval by the House is expected in the coming weeks, and two Senate committees have already endorsed the idea.

The White House and Senate Democrats may still move to block it, but the fact that the legislation is even moving ahead in an era of extreme gridlock affirms the deep-pocketed oil industry's durable power in nation's capital.

"The sooner this happens, the better for us," said Kenneth P. Cohen, Exxon Mobil's vice president for public and governmental affairs. "The momentum has picked up. The political calculus right now is very favorable for taking a look and actually doing something about this ban."

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    KEYWORDS Business Strategy Alignment Chemicals & Energy energy industry supply chain Global Supply Chain Management logistics services New York Times North America petroleum exports Regulation & Compliance Supply Chain Analysis & Consulting supply chain management: chemicals and energy U.S. energy sector U.S. export restrictions
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