America’s newfound natural-gas bounty has already sparked arguments over whether or not to export it. Soon, it will be oil’s turn. The International Energy Agency reckons the U.S. could become a net oil exporter around 2030. It is a tantalizing prospect. But crude-oil exports will make headlines well before 2030. Try next year.
U.S. crude-oil exports are heavily restricted. Refined products such…
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