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Politics : View from the Center and Left

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To: Wharf Rat who wrote (218072)	2/26/2013 12:16:25 PM
From: Bread Upon The Water	Read Replies (1) of 543694

Exception for foreign oil that has not been co-mingled with any US oil for needing an export license from US Code of federal regulations:: (vii) Exports of foreign origin crude oil where, based on written documentation satisfactory to BIS (Bureau of Industrial Security), the exporter can demonstrate that the oil is not of U.S. origin and has not been commingled with oil of U.S. origin. See paragraph (h) of this section for the provisions of License Exception SPR permitting exports of certain crude oil from the Strategic Petroleum Reserve. Entire regulation here: cfr.vlex.com However, this is complicated based on my readings of the other players involved including the President and his ability to declare what is and is not in the national interest. So that may be a factor. Also fact that Democratic Chair of the Senate's Energy and resource committee in the past introduced bill to prohibit export of Keystone oil indicates he thinks he has the power to regulate Keystone oil by statute. Wonder if that is in conflict with Presidential powers? Best, I think, we keep a open mind here on what or what not may be required in terms of export license if Keystone is approved.

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