Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (256053)	6/29/2008 1:38:52 PM
From: Brumar89	Read Replies (2) \| Respond to of 793853

100% of PRUDHOE Bay oil goes to the US currently. After 1995, some was allowed to be exported to Asia - export had been banned by law prior to that. Exports during the 95-01 period never came to more than 7% of production and ended in 2001. From a 1995 CATO paper arguing for an end to the export ban: Congress authorized construction of the Trans-Alaska Pipeline system during the crisis caused by the 1973 Arab oil embargo. In part because of expert lobbying by the maritime industry, the act that authorized the construction of the pipeline also prohibits the export of Alaskan oil in order to ensure "energy independence." cato.org Toward the end of 1995, Congress passed and Clinton signed a bill allowing export of Prudhoe Bay oil for the first time. Exports never amounted to more than 7% of production and ended in 2001. More info from this dated 2000, when renewal of the export ban was being debated: ncseonline.org I would expect opening up ANWR to exploration would be coupled with a ban on exporting any crude from there.