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U.S. oil giants want Congress to lift export ban on crude

2015-03-04 01:18:29| Oil & Gas - Topix.net

As the number of U.S. drilling rigs plummets by a third and thousands in the industry face layoffs, oil companies are focusing on an effort to convince Congress to lift the longstanding ban on crude oil exports. "We shouldn't put domestic producers at a competitive disadvantage by limiting the available markets," Ryan Lance, CEO of Texas-based ConocoPhillips, told the U.S. Chamber of Commerce on Tuesday.

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