We don’t need to create jobs exporting our precious resources so other countries can take the remaining American jobs.
We need to keep our oil and raise import tariffs, so that production moves back to the U.S.
That would only push our refinery jobs overseas along with our oil production jobs. Making it more expensive to do business in the US is foolish.
It would push our petrochemical industry more overseas as well.
Stop looking for government to select winners and losers in private industry. We should be trying to minimize their impact and not looking for ways to grow their regulations and increase their taxes.
The U.S. imports around 20% of the oil it consumes. That percentage wouldn’t change . We would be swapping excess light oil for the heavy oil our refineries are designed to use in a blend. Currently, West Texas Intermediate trades for $10 a barrel less than Brent (North Sea) because it’s piling up in storage tanks far in excess of our domestic needs. When the price oil drops worldwide, everyone can spend the money saved on something else. We used to export crude oil until the first Arab oil embargo in 1973.