House OKs lifting 40-year-old US ban on oil exports
WASHINGTON (AP) — Defying a White House veto threat, the Republican-controlled House on Friday approved a bill to lift a 40-year-old U.S. ban on crude oil exports. Supporters argued that an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete./ The bill was approved, 261-159, with 26 Democrats joining Republicans in backing the measure that now heads to the Senate, where prospects are uncertain. The leader of the House, Speaker John Boehner, a Republican, said lifting the export ban would lower gas prices, ...
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