"The U.S. Senate Energy Committee on Thursday narrowly passed a bill to lift a 40-year-old ban on the export of crude oil, but the measure faces an uphill battle in getting passed by the full Senate.

The bill to allow the United States to export oil and boost state revenue-sharing for offshore oil and gas drilling passed along party lines by a vote of 12-10.

It was the second significant step in two days for advocates of lifting the ban: Republican House Speaker John Boehner announced his support on Wednesday for repealing the law."

Timothy Gardner and Valerie Volcovici reports for Reuters July 30, 2015. [2]

SEE ALSO:

"As Oil-Drilling Bill Advances, Sen. Bill Nelson Vows To Use All Options To Stop It" (McClatchy) [3]

"Senate Panel Greenlights Oil Exports, Offshore Drilling" (US News & World Report) [4]

"Senate Energy Panel Approves Reform Bill" (The Hill) [5]