Democrats give up fight on oil export ban after 40 years

December 16, 2015 1:58 PM

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Democrats give up fight on oil export ban after 40 years

After 40 years, Democrats are giving up the fight over lifting crude oil export restrictions that have effectively banned most sales of U.S. crude oil abroad. In return, Republicans are dropping their opposition to lengthy extensions of the solar and wind tax credits that will give huge boosts to renewable energy projects.

The omnibus budget bill released Tuesday night would allow all crude oil exports except in certain economic or national security emergencies.

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