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Energy and Environment

Why the end of the oil export ban hasn’t done much

By John Siciliano
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Why the end of the oil export ban hasn’t done much

Lifting the nation’s ban on oil exports has done little in the way of opening new markets for U.S. crude since Congress repealed the 40-year-old energy policy last year.

“Eventually, American crude exports will be a factor in the world market, but it could take several years to get there,” said Stephen Brown, vice president for policy with large San Antonio refiner Tesoro.

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