“Supporters of lifting the export ban argue that oil is a world commodity....”
Bull$** More one worlder crap. We need to keep OUR oil HERE. Use it to power industry in AMERICA to create jobs and export what we produce, not our raw products. I don’t give a damn about oil prices overseas anymore than they give a damn about us.
Bump
Dreamers of cheap oil looking at the Demand Side curve of economics are ignoring the Supply Side. We will end up importing more oil from other locations as the investment dries up if we try to force prices below market value.
Reality is we are still the biggest demand for the local oil. And if we import some cheap heavy oil due to the capabilities of our refineries while exporting some expensive light oil, we will help the trade balance at the same time.