US will become major oil exporter if curbs are lifted, says report
Govt-sponsored report says America will be able to send 2.4m barrels a day overseas in 2025
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THE US will become one of the world's largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.
America would be capable of sending as much as 2.4 million barrels a day overseas in 2025 if federal policy makers were to eliminate restrictions on most crude exports, an analysis by Turner, Mason & Co for the Energy Information Administration shows.
