Lloyds List: Continental Resources Applies for Shale Oil Export Permit

“US shipbroker and consultancy Poten & Partners is the latest voice to wade into the debate, arguing in a new report against any imminent overturn of the US’ 1975 export ban. ‘Since the conversation continues to be hotly contested by both sides, there does not appear that there is any imminent change to legislation,’ said the report. ‘As with many other oil-related issues, to politicians sometimes the most effective course of action is no action at all.’ For Poten, the export of crude oil has proved a difficult sell and although exports may happen on a case-by-case basis, a widespread repeal of the ban seems unlikely under President Barack Obama’s administration. However, the brokerage conceded that ‘fervor and momentum appears to be building as new research and opinion is published on the subject….Beyond the conflicts and lobbying interests of various facets of industry, the public remains a significantly larger hurdle to the permission of crude oil exports,’ said the Poten report.”