New York Times – by Clifford Krauss
HOUSTON — The Obama administration on Friday gave oil companies temporary permission to export a limited amount of oil to Mexico at a time when a glut is cutting into domestic petroleum profits and employment.
The decision by the Commerce Department fell short of removing a ban on crude exports that goes back to the 1970s, when international oil boycotts produced long lines at gasoline stations and threatened the American economy. It also does not make a broad national security exception for Mexico, which has long existed for Canada, to release larger-scale exports. Continue reading “U.S. Allows Limited Oil Exports to Mexico”
