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US politicians push to challenge Saudi Arabia's oil dominance...

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    US politicians push to challenge Saudi Arabia's oil dominance


    Bismarck, North Dakota: US politicians are pushing to lift the country’s ban on crude oil exports, a move that if successful would challenge Saudi Arabia’s long held dominance over the global oil market.


    “Lifting the export ban is a possibility and the longer these low prices go we can get that done,” said Kevin Cramer, North Dakota’s Republican Congressman in an interview referring to last year’s collapse in oil prices last year.

    “We are not going to be the price taker anymore, we’re going to be the price make,” Cramer said, who also wants to see a legislation passed on approving the long delayed Keystone XL pipeline that would stretch across the US from Canada to Mexico and could transport 100,000 barrels a days of North Dakotan oil.

    “If we indicate that we are going to export oil even to our friendly nations, I think it has an immediate geopolitical impact that makes a difference that can make America the largest energy producer in the world as the driver of energy policy,” Ness added.

    http://www.zawya.com/story/US_polit...udi_Arabias_oil_dominance-GN_22022015_230220/
 
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