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To: ckilmer
There is no ban on selling refined petroleum products abroad...just the crude.

There should be.

16 posted on 01/25/2014 6:56:42 AM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month.)
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To: ROCKLOBSTER
There is no ban on selling refined petroleum products abroad...just the crude.

There should be.

Which would mean the end of any surplus refining capacity in the US, closing of more US refineries, investment put into other countries and not the US.

Loss of jobs, worse trade balance, does that really sound like a good idea?

Now we import more crude oil than we need, sell the surplus products at a higher price than we paid for the crude oil.

The is more to economics than just the demand curve. Put more artificial barriers on the industry and you will diminish the supply.

20 posted on 01/25/2014 7:11:54 AM PST by thackney (life is fragile, handle with prayer)
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