A US House Energy and Commerce subcommittee is expected Thursday to approve a bill to lift all limits on US crude exports. The House energy and power subcommittee is scheduled to vote on a bill from Texas Representative Joe Barton, a Republican, to repeal these limits, which have been in place for roughly four decades. In a joint statement, Michigan Representative Fred Upton, a Republican and the full committee’s chairman, and Kentucky Representative Ed Whitfield, a Republican and the subcommittee’s chairman, said current limits on US crude exports have become “obsolete.” “We have taken a thoughtful approach to reconsidering oil exports, and the time to lift the ban is now,” Upton and Whitfield said. The subcommittee vote, which will be the first of its kind in the House, is expected to set up a potential full House vote as early as this month. There are enough votes in the […]