Export Ban Be Damned: BHP Billiton to Start Exporting Texas Oil
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Updated to reflect Bloomberg News coverage
The 40-year ban on oil exports is starting to crack without Congress or the Obama administration lifting a finger. On Tuesday evening, just as election results were starting to come in, Bloomberg News and the Wall Street Journal reported that BHP Billiton, the giant Anglo-Australian mining and energy company, would soon sell oil from Texas to foreign buyers without getting permission from the U.S. government.