Lifting The Ban Could Make US More Reliant On Foreign Oil

Law360, New York (October 26, 2015, 11:10 AM EDT) -- In response to the 1973 Arab oil embargo, Congress passed the Energy Policy and Conservation Act of 1975 (EPCA) (Pub.L. 94-163, 89 Stat. 871, enacted Dec. 22, 1975), with the details in the Export Administration Regulations of the Bureau of Industry and Security, a Department of Commerce agency, which banned (with limited exceptions) the export of unrefined domestic crude oil....

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