Kyle Isakower writes in The Wall Street Journal that an export ban would mean higher gas prices for Americans.
- Democratic lawmakers have floated the idea of imposing an energy export ban to curb high gas prices.
- An export ban would disincentivize production from refineries, leading to less supply on the marketplace and higher gas prices for Americans.
- While there is no short term fix for gas prices, the Biden administration can lower costs in the intermediate to long term by reducing barriers for production and investing in key infrastructure such as pipelines.
Read the full article here.