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How U.S. Crude Oil Exports Are Hastening the Demise of the Oil Industry

When Congress lifted the export ban on U.S. crude oil in December of 2015 to allow for exports beginning in 2016, the oil industry celebrated. However, looking back at the impact of lifting the 40-year-old ban, it appears the move has helped hasten the financial demise of the U.S. oil industry while also increasing the industry’s huge contribution to climate change. In many ....

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