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Don't Believe the Hype Around United States Crude Oil Exports

America's recent oil boom has been so productive that we now have more oil than domestic refiners can handle -- and some companies, such as Enterprise Products (NYSE: EPD  ) , Continental Resources (NYSE: CLR  ) , and Pioneer Natural Resources (NYSE: PXD  ) , are eager to start selling their excess elsewhere. Until now that's been impossible, as the United States government banned oil exports four years ago, but things might be changing: As early as August, it will be possible to sell small quantities of a ultralight liquid called condensate abroad. Will this lead to wholesale exports of crude oil in the future?

In the following video, Motley Fool energy analysts Taylor Muckerman and Joel South discuss headlines from the energy sector.

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  • Report this Comment On June 30, 2014, at 11:07 AM, disloof wrote:

    I believe this "export"oil ban took place sometime back in the 1970's. This is why its such a big deal at this moment in time. If it were just four years I doubt it would take on the notoriety its now receiving.

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Joel South

Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.

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