US crude export policy debated

摘要

Washington-Without a change to US crude export policy, oil production growth will begin a years-long decline later this year, Scott Shef- field, CEO of Pioneer Natural Resources, will tell a US House subcommittee Tuesday. In his prepared testimony for a House Energy and Commerce subcommittee hear- ing on US crude export policy, Sheffield said export restrictions are keeping US oil prices artificially below global price levels, helping OPEC increase market share and pushing domestic storage levels to near capacity.