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Yes, Banning U.S. Oil Exports Is a Horrific Idea

Earl Matthews writes in RealClearEnergy about the flaws of a ban on U.S. oil exports.

The C3 Take
  • With gasoline prices rising, some policy leaders have signaled support for a ban on U.S. oil exports.
  • Gas prices are largely driven by global markets and global supply and demand.
  • Banning U.S. exports would limit global energy supply, effectively increasing pain at the pump for U.S. consumers.
  • While immediate energy fixes are in short supply, policymakers can provide relief by investing in infrastructure such as pipelines and refineries, unleashing domestic production, and repealing the Jones Act.

“The answer should be obvious and maintaining a steady supply of U.S. crude oil exports is one of the most effective ways of bolstering our national security and supporting global stability.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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