I heard some people on the radio talking about this. They were saying the ban should stay in place, that we could be self-sufficient if we didn't ship out our crude oil to other countries, and it would make us less dependent on dealing with countries in the Middle East for oil. Also, they were saying that if we started to ship out our supplies of oil to other nations, our cost for gas and oil would only go higher in the US. This makes sense to me. I don't think that ban should be lifted at all. What are your thoughts on this? More here.
Analysts often note that the debate around the crude oil export ban is extremely complicated — a point emphasized by the fact that while domestic oil production in the United States has risen sharply since 2009, by more than two million barrels per day, projections show that American imports of foreign oil will continue at a rate of six million to eight million barrels per day through 2040.
This is largely because of differences in the types of crude oil, with excess amounts of light, sweet crude being produced in the United States while domestic refineries are designed to handle heavier, sour crude from abroad.
Analysts often note that the debate around the crude oil export ban is extremely complicated — a point emphasized by the fact that while domestic oil production in the United States has risen sharply since 2009, by more than two million barrels per day, projections show that American imports of foreign oil will continue at a rate of six million to eight million barrels per day through 2040.
This is largely because of differences in the types of crude oil, with excess amounts of light, sweet crude being produced in the United States while domestic refineries are designed to handle heavier, sour crude from abroad.
