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Shale drillers are now free to export US oil into global glut
Add BT as a preferred sourcePublished Thu, Dec 17, 2015 · 09:50 PM
Chicago
US SHALE drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now.
A congressional deal to lift the 1970s-era prohibition on shipping crude overseas has the potential to unleash a flood of oil from Texas and North Dakota shale fields into markets already flush with cheap supplies from the Persian Gulf, Russia and Africa.
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