If the President won’t block it, this is huge news for the beleaguered oil and gas infrastructure MLP industry. I think it will put a floor on the stock declines at least.
Congressional leaders agreed on a U.S. fiscal plan that would avert a government shutdown and lift the 40-year-old ban on crude oil exports, House Republicans said.
Source: Congress Reaches Fiscal Deal That Ends U.S. Crude Oil Export Ban – Bloomberg Politics