There’s relatively widespread consensus among analysts and academics that the White House is unlikely to do anything on crude exports in the near term, and many believe President Obama may not touch the issue before he leaves office in January 2017.
What’s less clear is how the newly-Republican controlled Congress will deal with the issue and how crude prices will influence the possible debate.
Will the recent plunge in crude oil prices bolster the case for an end to restrictions on US exports or could relatively low prices deflate the argument for loosening the long-standing US crude export regime?
On the other hand, will crude prices have little to no impact on domestic export policy?
Read the full article at The Barrel.