Energy Secretary Jennifer Granholm recently put an end to speculation about whether an oil export ban could succeed. She clearly stated at a meeting with the National Petroleum Council, “We are not considering reinstating the ban on exports. I’ve heard you loud and clear, and so has the White House.”
This is welcome news for the U.S. energy industry, but the secretary also urged producers to get their “rig counts up” and “take advantage of the leases that you have,” sending mixed signals from the administration to industry.
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