Deal to end oil export ban in sight


An end to the ban on U.S. crude oil exports appears increasingly likely to be included in the sweeping fiscal deal being negotiated this week in Congress.

Lifting the decades-old export ban has been a top energy priority for Republicans for more than a year, and the GOP is eyeing the must-pass government funding and tax policy bills as prime places to address the issue.

Leaders in both parties and both chambers have been working on the bills, and Democrats, viewing the ban as a valuable bargaining chip, are demanding plenty in return.

“It’s an act of desperation on their part, they want it so desperately,” said House Minority Leader Nancy Pelosi (D-Calif.), saying she could see a scenario in which she would support lifting the ban.

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