The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


(Tommy Andersson/Getty Images/iStockphoto)

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

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.