[Flash Walken]

Originally Posted by SeeGeeWhy

So... If this is indeed a play to control market share, it Would have to be pre-emptive in nature. Meaning, the US must be considering changing it's export laws which indeed would allow US production to threaten the Saudi's grip on the largest and fastest growing oil consumption market in the world.

http://www.reuters.com/article/2014/...0K908M20141231

(Reuters) - The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world.

The Department of Commerce on Tuesday ended a year-long silence on a contentious, four-decade ban on oil exports, saying it had begun approving a backlog of requests to sell processed light oil abroad. It also issued a long-awaited document outlining exactly what kinds of oil other would-be exporters can ship.

The administration's first serious effort to clarify an issue that has caused confusion and consternation in energy markets for more than a year will likely please domestic oil drillers, foreign trade partners and some Republicans who have urged Obama to loosen the export ban, which they see as an outdated holdover from the 1970s Arab oil embargo.