March 27, 2014

U.S. energy export options limited, Senate hears

Source: UPI

Journalist: Daniel J. Graeber

March 27 (UPI) -- It's oil, not gas, that will increase U.S. leverage in the overseas market more quickly, the chairman of the largest stakeholder in North Dakota's oil said.

The U.S. House Foreign Relations Committee heard testimony Wednesday on how best to exploit the glut of oil and natural gas brought on by the shale boom in the United States.

With Russia aggravating Western leaders over its reaction to the Ukrainian crisis, U.S. policymakers say easing some of the restrictions on oil and gas exports could weaken the Kremlin's influence in Eastern Europe.

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  • Elizabeth Rosenberg

    Former Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a former Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security. In this capacity, she publ...