USA TODAY | Drop oil export ban: Our view USA TODAY During the energy crisis of the 1970s, Congress and President Ford banned exports of oil produced in America. The move, popular at the time, responded to Americans' deep sense of powerlessness and frustration in an age of Arab oil embargoes and long ... US oil settles up 4.9%, at $48.53 a barrel Cracks emerge in U.S. oil boom Elizabeth Warren's Next Target Is Big Oil |