Even though a long list of the international and hard-pressed oil majors will likely heave an anguished sigh, many factors indicate that cheap North American oil could soon be streaming into the global market.
As early as September, the US Congress, or more specifically, the House of Representatives, will likely vote on whether the country should repeal the ban on exporting US crude oil - a ban that has been in place since 1973 - reports the Wall Street Journal.
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