Ending the US crude oil export ban will produce such significant energy, economic, and geopolitical benefits that it appears likely to come to a Senate vote during 2015, Energy and Commerce Committee member John Hoeven (D-ND) predicted. “Low prices or high prices, we’ll be in a better place economically if US producers can compete globally,” he said in keynote remarks at a May 20 forum sponsored by the American Council for Capital Formation. “We’ll need the right mix of pipelines, rails, and roads, but it will be a net win for the country and for consumers.” Other speakers at the event, where ACCF released a new report, “ Crude Oil Exports: Economic and Geopolitical Impacts ,” said it’s difficult to determine the White House’s actual stand on the idea of repealing the crude export ban which was imposed 2 years after the 1973 Arab oil […]