Elizabeth Warren's Next Target Is Big Oil
"The most obvious effect of lifting the crude oil export ban would be to produce enormous profits for a number of big oil companies," Warren said at a Senate Banking Committee hearing. "And that is a reason by itself to be skeptical of study after study and expert after expert that have been funded by big oil to try to sell this deal. ... Lifting the ban without thoroughly considering and addressing the potential environmental consequences sounds pretty darn reckless."
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The environmental impact is more straightforward -- allowing companies to export oil from the United States will facilitate more drilling and fracking and result in more greenhouse gas emissions from expanded fossil fuel use. At the hearing, Warren blasted Republicans on the committee for relying on environmental testimony from a climate change denier.
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http://www.huffingtonpost.com/entry/elizabeth-warren-oil_56141075e4b022a4ce5fb6ff
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