US set to export oil

**cosmictraveler** · June 25th, 2014, 05:19 PM

By Christian Berthelsen and Lynn Cook, The Wall Street Journal

The Obama administration has cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad.

In separate rulings that haven't been announced, the Commerce Department gave Pioneer Natural Resources Co. (PXD) and Enterprise Products Partners LP (EPD) permission to ship a type of ultralight oil known as condensate to foreign buyers. The buyers could turn the oil into gasoline, jet fuel and diesel.

US set to export first oil since 1970s- MSN Money

So Americans now are paying all time high prices for gas because, we were told, America needed to import oil which cost more. So why is this now happening for making it stay here will help lower the cost to the consumer.

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**grmpysmrf** · June 25th, 2014, 05:49 PM

WTF is he thinking? Stupid lobbyists! stupid obama for catering to lobbyists.

**Lynx_Fox** · June 25th, 2014, 06:58 PM

American's cost of gas is among the lowest in the world at the pump. But consider that we we mask most cost with inexpensive leases to tap public lands, direct subsidizes, tax breaks, security cost for nations and sea lanes for its transportation hidden in the defense budget, and rather lax environmental standards that don't account for regional impacts, nor individual medical cost for respiratory problems etc.