Senator Lisa Murkowski (R-AK), Ranking Member of the Senate Energy and Natural Resources (ENR) Committee and a major proponent of oil and gas development, is calling for the government to reduce regulations on U.S. exports of crude oil. Aside from limited exports to Canada, industry within the U.S. is currently forbidden to sell the crude oil it produces to international buyers.

The ENR Committee held a hearing on January 30 investigating the possibility of exporting American produced oil and gas. 

Sources: U.S. Senate