There have recently been renewed calls to re-impose a ban on crude oil exports in order to bring down domestic gasoline prices. But this would have the opposite effect as U.S. exports of crude oil save Americans money at the pump, reduce U.S. dependence on foreign oil, and create thousands of jobs at home, according
Read More...Democrats from oil producing states are pushing back against the Biden administration’s prospective proposal to reinstate the crude oil export ban as a hopeful solution to bring down the price of gasoline for American consumers. The letter, signed by Reps. Henry Cuellar (Tex.), Vicente Gonzalez (Tex.), Sylvia Garcia (Tex.), Lizzie Fletcher (Tex.), Tim Ryan (Ohio)
Read More...With gasoline prices soaring, the Biden administration is scrambling to find a way to give Americans some relief at the pump—including bringing back a ban on crude oil exports. But banning exports of American energy would do little to lower gasoline prices and could even cause prices to increase in the long run. Speaking to
Read More...Activists aiming to shutter American energy production are returning to an old campaign: trying to block oil and natural gas exports. A group calling itself Defend the Gulf is reigniting the debate over energy exports with a list of demands to the Biden administration, including a permitting and construction moratorium on energy export infrastructure and
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