This is a great move, opening up markets for free trade. Thank God we no longer have the government telling manufacturers they’re arbitrarily banned from selling their products to somebody. The ban better not go back in place when oil supplies are tighter again. Right now the government is acting like a stupid Joe 6-pack stockholder...they’re saying sell when the price is low and hold when the price is high.
All banning exports can do is disincentivize providers from producing domestic supplies. When they reach the limit on how much they can sell here, they will stop producing. Now they can continue to produce, sell and create jobs even when domestic demand is met.
However, we increased our dependence on foreign oil over the past eight years all while the leadership pretended to want to reduce same.
Reducing that dependence disincentivises OPEC pulling another oil embargo as such a move would have much less impact.
Also, reducing domestic energy costs either for home heating or vehicles would take some edge off our crappy economic situation.
Mining and mineral production is not even similar to manufacturing. Get a grip.
“All banning exports can do is disincentivize providers from producing domestic supplies. When they reach the limit on how much they can sell here, they will stop producing. Now they can continue to produce, sell and create jobs even when domestic demand is met.”
Yes. But for the ban, we might have been exporting years earlier. That would have meant more jobs, etc.