Democrats Evaluate U.S. Oil Embargo - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Democrats Evaluate U.S. Oil Embargo

Posted: Updated:

North Dakota is set to hit one million barrels per day in terms of oil production this year as two senators are calling to review the United State's policy on exporting oil to other countries.

Since the 1973 an oil embargo in the United States allows the country to send only refined oil products to other countries. But two senators are asking the Energy Information Committee to study how lifting the embargo would affect the economy.

"There would likely be an increase in gas prices for a short while but people must understand we've been exporting gasoline and diesel fuels to Europe for years now," says Eugene Graner, Heartland Investment. "Let's give them the oil and we'll keep more of our gas and diesel fuel and build out our infrastructure and increase oil production in North America and let it be sold. We want the gasoline."

The U.S. government has authorized 2 licenses of crude oil to the UK and Italy, which are the first permit shipments to a European Country since 2008.



  • Latest NewsMore>>

  • Oil Industry Increases Park's Visitors

    Oil Industry Increases Park's Visitors

    Monday, September 1 2014 7:44 PM EDT2014-09-01 23:44:39 GMT
    Wet weather doesn't seem to have impacted the number of people who visited Theodore Roosevelt National Park this past summer, but it appears the oil industry is enhancing visitation.
    Wet weather doesn't seem to have impacted the number of people who visited Theodore Roosevelt National Park this past summer, but it appears the oil industry is enhancing visitation.
  • Bismarck Schools Host Employee Orientation

    Bismarck Schools Host Employee Orientation

    Monday, September 1 2014 7:43 PM EDT2014-09-01 23:43:41 GMT
    Teacher orientation is a common practice before school starts, but Bismarck Public Schools decided to flip tradition on its head by expanding the practice. They are hosting orientation for all district employees before the first day.
    Teacher orientation is a common practice before school starts, but Bismarck Public Schools decided to flip tradition on its head by expanding the practice. They are hosting orientation for all district employees before the first day.
  • Williston Police Lookout for Counterfeit Bills

    Williston Police Lookout for Counterfeit Bills

    Monday, September 1 2014 7:42 PM EDT2014-09-01 23:42:34 GMT
    The Williston Police Department has noticed a recurring trend of counterfeit $50 and $100 bills in town.
    The Williston Police Department has noticed a recurring trend of counterfeit $50 and $100 bills in town.

Most Popular

Stories
Videos
loading...
  • TOOLBOX

  • Special Feature HomeSpecial FeaturesMore>>

  • Coats for Kids

    Coats for Kids

    Learn how to donate and receive items for the 2014 Coats for Kids campaign!
    Learn how to donate and receive items for the 2014 Coats for Kids campaign!
  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
  • On the Farm

    On the Farm

    CLICK HERE TO GO TO THE ON THE FARM PAGE!
    CLICK HERE TO GO TO THE ON THE FARM PAGE!
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.