Threat of a presidential veto on a House measure to lift the U.S. ban on crude oil exports suggests the effort is dead in the water, a refinery group said. The White House issued a statement of administration policy in response to House resolution 702, a measure sponsored by Rep. Joe Barton , R-Texas, that would remove restrictions on the export of crude oil produced in the United States. Rather than focus its efforts on an industry already thriving in terms of historical development, the White House said Congress should instead focus its efforts on the transition to a low-carbon economy. “If the president were presented with H.R. 702, his senior advisers would recommend that he veto the bill,” the policy […]