While one 1970s-era energy policy, corn fuel mandates, goes on in automatic pilot, Congress this week sent to the showers the 40-year-old ban on U.S. crude exports. Congressional leaders approved the measure to end the export ban as part of the omnibus appropriations bill that is aimed at preventing a government shutdown. As part of the deal, Democrats were able to extract a rollback of GOP attempts to stop some of President Obama’s environmental regulations and extensions of wind and solar tax credits.
So what does this portend for our southeastern Pennsylvania region? While it’s still early, and there is disagreement, some have been saying that a wholesale gutting of the crude export ban could bring real damage to our region’s and our nation’s economy and security.
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