Energy security/ U.S.
As the number of U.S. drilling rigs plummets by a third and thousands in
the industry face layoffs, oil companies are focusing on an effort to convince
Congress to lift the longstanding ban on oil exports.
“We shouldn’t put domestic producers at a competitive disadvantage by
limiting the available markets,” Ryan Lance, CEO of Texas-based ConocoPhillips,
told the U.S. Chamber of Commerce on Tuesday.
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