BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_Oct-Nov15

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

Issue link: http://bakkenjournal.uberflip.com/i/579094

Contents of this Issue

Navigation

Page 36 of 59

Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 37 Transportation Solutions Rig & Project Moves Over-Size, Over-Weight Local or Long Distance Lower 48 & Canada ISN Safety Qualified Carriers 24 hour operation / support Assets in every major play in NA (888) 218-5722 energy@meadowlarkco.com meadowlarkenergytrucking.com SHOULD THE BAN BE LIFTED? Independent refineries, especially those in the North- east and the Midwest, generally want to keep the ban. Refined products are not affected by the crude oil export ban, so refineries can take advantage of the difference in price between Brent crude, the gener- ally accepted international price posted on the In- tercontinental Exchange of London— and West Texas Intermediate crude posted on the New York Mercantile Exchange, the price standard for oil in the U.S. West Texas Intermediate crude is typically lower than Brent. Before the summer recess the House Subcom- mittee on Energy and Power markup session voted on H.R. 702, which calls for the elimina- tion of the ban. The bill was introduced by Chair- man Emeritus Joe Barton (R-Texas). July 30, 2015, the Senate Energy Committee followed with markup and a yes vote on the similarly themed Offshore Production and Energizing National Secu- rity (OPENS) Act, sponsored by Committee Chair Sen. Lisa Murkowski (R-Alaska). The vote was a narrow victory for Murkowski (12-10). At the time, it was said that many Democrats in Congress were not ➤ continued, pg 48

Articles in this issue

Links on this page

Archives of this issue

view archives of BAKKEN OIL BUSINESS JOURNAL - BakkenJournal_Oct-Nov15