U.S. Won’t Allow Crude Exports Within the Next Decade

The U.S. won’t allow companies to export domestic crude oil within the next 10 years, according to more than 60 percent of those polled at a Bloomberg Oil Forum.

Thirty-four out of 82 traders, analysts and energy professionals attending the forum in London, or 41 percent, said the U.S. would never allow exports, while 22 percent said only after 2023. The U.S. will condone exports within the next five years, according to 13 percent of those polled, while the remaining 23 percent suggested sometime between 2018 and 2023.