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Obama's Plans to Lift U.S. Oil Export Ban Might Be Years Away

TheStreet's Stephanie Link tells Joe Deaux that lifting the U.S. oil export ban may take years.
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The U.S. Commerce Department approved Pioneer Natural Resources to export stabilized condensate, which analysts suggest is an early step that may eventually lead to lifting the ban on U.S. crude oil exports. TheStreet's Stephanie Link tells Joe Deaux this is possible, but such action may not occur for many more years. The topic of oil and natural gas exports has become prevalent in Congress as conflict between Ukraine and Russia and rising violence in Iraq have triggered supply concerns. In the meantime, Link says investors should continue looking for value in energy companies.