As a debate intensifies over the future of the US oil exports ban, industry and environmentalists alike say even current policy is far from clear.
Despite a steep decline in oil prices and violence that descended upon Iraq last year, the country is producing oil at record levels.
Keystone XL may nab the headlines, but underneath the push to approve the pipeline is an energy policy overhaul with even greater significance: overturning the ban on US oil exports.
Lima climate talks ended in a deal leaders hope will spur global action on climate change; Industrialized nations raised $10 billion to finance clean energy across the globe; Congress made its first major foray into debating the end to the US oil exports ban. Catch up on global energy with Recharge.
Surging US oil production and plummeting oil prices has ignited a debate over a decades-old ban on US crude exports. It's an issue that will get increasing attention in a GOP-dominated Senate next year.
Energy could provide fertile ground for bipartisan compromise in the next Congress, two former Senate majority leaders and the head of a think tank said at a Monitor breakfast Thursday. That could mean legislative action on anything from Keystone XL, to energy efficiency, to oil exports.