Why Banning Exports Makes American Oil Cheap for Refiners, But Not for You

April 1, 2015 3:07 PM

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With crude oil supply in flood stage and prices downshifting, America’s political elite still finds itself unable to lift the outdated ban on US exports of crude oil.

Ditching the export ban, Baker Institute research shows, would accomplish at least two worthy goals. First, it would raise domestic prices of US crude oil, providing relief to the struggling US shale patch. Second, allowing US crude to reach global markets might reduce international crude prices, wh...

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