Oil CEOs Press Obama Administration to Lift Export Ban
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About a dozen U.S. drilling executives, including ConocoPhillips Chief Executive Officer Ryan Lance, were in Washington this week trying to persuade White House officials and lawmakers to lift the 40-year ban on U.S. oil exports, according to two people familiar with the meetings.
Chief executives from the lobbying group Producers for American Crude Oil Exports, or PACE, met with White House senior energy policy adviser Brian Deese March 11 seeking a rollback of the U.S. oil export ban imposed after the 1973 Arab oil embargo, according to two people, who asked not to be identified because the discussions weren’t public.