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Overturning U.S. oil export ban would be economic boon Add to ...

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America’s oil export boost barely scratches the surface. The administration of President Barack Obama is relaxing a decades-long ban on selling black gold abroad. But the move only affects ultra-light crude, which accounts for just a sliver of U.S. output. Allowing sales overseas of all types of oil would narrow the trade deficit and foster jobs. That, though, requires Congress to act.

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