House approves lifting of crude oil export restrictions, but hurdles remain

October 9, 2015 8:32 PM

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House approves lifting of crude oil export restrictions, but hurdles remain

The House voted 261 to 159 on Friday to lift restrictions on crude-oil exports, capping a year of heavy lobbying by the American Petroleum Institute, many of the nation's biggest petroleum companies and leading shale oil producers.

But the measure still faces a Senate that doesn't appear eager to take up the issue and a White House that has flatly pledged to veto it. The Office of Management and Budget on Wednesday said that the administration is "strongly opposed" to the legislation, which it said is "not needed at this time....

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