Tuesday, September 16, 2014

With U.S. Oil Supply Climbing, Some Call For End To Export Ban : NPR

With U.S. Oil Supply Climbing, Some Call For End To Export Ban : NPR



The "some" certainly does not include the American consumer.  The United States is already the largest worldwide exporter of refined products but to allow export of crude oil would only do more to place the United States at the mercy of the giant oil producers and the world market rate for crude oil.  This is perhaps the last hedge that the consumer has against extreme pricing and it is a lucrative export market for our refined products.

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