Scrapping a decades-old ban on US crude oil exports would spur job creation and boost energy security by encouraging new investment that lifts production, Rex Tillerson says. HOUSTON, Oct 2 (Reuters) – Scrapping a decades-old ban on U.S. crude oil exports would spur job creation and boost energy security by encouraging new investment that lifts production, Exxon Mobil Corp’s chief executive said on Thursday. Chief Executive Officer Rex Tillerson, speaking to a business group, said trade restrictions should also be lifted for exports of liquefied natural gas, or LNG, which are subject to lengthy regulatory reviews. Dozens of companies are lining up to export LNG and a superlight type of crude oil known as condensate as U.S. output of oil and gas has surged to a 25-year high, thanks to advances in hydraulic fracturing and horizontal drilling of tight oil fields. “In the current debates about LNG and crude […]