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Oil Industry May Invoke Trade Law to Challenge Export Ban

The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.

“Export issues are something we’re going to have to address,” John Felmy, the chief economist for the American Petroleum Institute trade group, said in an interview. “It’s a debate we have to have.”