Ending the ban on the export of crude oil sourced from U.S. basins would result in a per household labor income increase of $158 per year, a report finds. Consultant firm IHS published an installment in a series of reports reviewing potential benefits of ending the 1970s ban on exports of U.S. crude oil. The report finds the economic activity that would come as a result of ending the ban would support an additional 124,000 jobs on average through 2030, with a peak 293,000 by 2018. A Senate committee on energy voted in July to repeal a 1970s-era ban on crude oil exports. Committee Chair Sen. Lisa Murkowski , R-Alaska, has moved several pieces of legislation aimed at ending a ban on U.S. […]

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