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House OKs lifting 40-year-old US ban on oil exports
By MATTHEW DALY, Associated Press
Published: October 9, 2015, 11:15am
WASHINGTON — Defying a White House veto threat, the Republican-controlled House on Friday approved a bill to lift a 40-year-old U.S. ban on crude oil exports.
The House approved the bill on a 261-159 vote. Supporters said an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete.
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