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Trading Places

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By Darren Barbee, Hart Energy
March 18, 2014

Killing the ban on U.S. crude oil exports will be no easy task. 

The laws banning exports, created in crisis and including the Energy Policy and Conservation Act of 1975 and other regulations, are anachronisms, opponents say. But the nation remains fearful that the U.S. is vulnerable to foreign exports. The gas lines of the 1970s and soaring gasoline prices still matter, says Jacob Dweck, an energy attorney for Sutherland Asbill & Brennan LLP.

“It’s important to understand that the law made then reflects our consciousness today,” says Dweck, who ...

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