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paleotn

(22,734 posts)
14. Crude oil export ban enacted in 1977
Sun May 10, 2026, 10:37 AM
May 10

Part of the Energy Policy and Conservation Act of 1975. With some exceptions, it prohibited exporting US production. That changed with the fracking boom and the ban was lifted in 2015. Shortly after, the US became the biggest oil exporter on the planet, surpassing Saudi.

But we do import a vast amount still, the bulk coming from Canada. The biggest exporter of crude imports vast amounts? It's complicated and all crude isn't equal. Much depends on type, the economics of distance, deals with producers, refining setup. The US produces (fracking) vast amounts of light sweet crude. Low sulfur content, lighter density, and easier to refine. But much of our refining capacity isn't geared to process light sweet since we've been importing the heavy stuff from Canada, Mexico, Colombia and once again - Venezuela, for a very long time. Changing that refining infrastructure takes years and billions in investment. Hasn't been economically viable.

Since this isn't the 70's and much has changed since, it's doubtful we'll see gasoline shortages at least short term. Other grades like diesel and jet fuel are debatable. If this drags out for months it's going to get really interesting as many complicated threads realign to a new reality. Even if it ended today, Gulf storage capacity is pretty well maxed, and you don't just turn oil production off like a light switch. That's complex, risky and takes a lot of time to reverse. Plus potential damage to oil fields. Plus the damage to Gulf infrastructure above ground. Plus getting all those tankers in the right places at the right time. As we learned from covid, leaned out import / export is a highly complex, choreographed dance and can take months to years to get back in sync.

So...gas lines in the US again? As Zen Master says...we'll see. Not tomorrow, but 3 months from now? We'll see.





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Already started. Along with no gas. Blue Full Moon May 10 #1
The lines in the 70's were caused by Nixon's price controls. Girard442 May 10 #2
The shortage in 1979 was not caused by Nixon. yardwork May 10 #6
As per Wikipedia, price controls remained on domestic oil production (but not gasoline) until 1979... Girard442 May 10 #11
Ok. I can see an argument that keeping the price low contributed. yardwork May 10 #16
No. This keeps getting posted. We export oil. We export fuel. Only California sources primarily from abroad. Melon May 10 #3
Weren't we exporting oil 50 years ago? 3Hotdogs May 10 #4
We were a large net importer of oil in the 70's Melon May 10 #8
Crude oil export ban enacted in 1977 paleotn May 10 #14
Yup. And other than literally right now, when the frackers are ramping up exporting because OTHER countries AZJonnie May 10 #15
Oil inventories fell Melon May 10 #17
The US, could, technically, impose whacking big export fees on our oil to keep it in the country. Girard442 May 10 #12
Oil is a commodity and we also export to support Melon May 10 #18
The automobile gas shortages in 1973 and 1979 were caused by embargoes. yardwork May 10 #5
Which country(yes) embargoed oil? Isn't the Strait action by Iraq a de facto embargo? 3Hotdogs May 10 #9
It was the Organization of Arab Petroleum Exporting Countries (OAPEC) EX500rider May 10 #22
It was caused by OPEC restricting output MichMan May 10 #10
Just in time for summer, when the price of gas always goes up, and 81% of Americans expect to travel. sop May 10 #7
Planning to fly from NYC to Seattle in July. Girard442 May 10 #13
Let's see, you can do a version of the Lewis and Clark expedition... haele May 10 #19
Have done PGH to Seattle on Amtrak - 3 nights. Thank god for the Roomette. RPM May 10 #21
I don't know. But I am keeping my gas tank full. GoodRaisin May 10 #20
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