Sep
04

Bad Ban

Doing away with the unrefined oil export ban would increase the export price of US oil, making producers, landowners and governments happy. It would also spur more drilling activity which would slightly reduce the world price of oil. That would, in turn, reduce the cost of gasoline as the price of gasoline (aside of taxes and transportation) is the same everywhere. The biggest losers: refiners and big domestic chemical firms.

Share This Post
Facebook Twitter Email

Speak Your Mind

*