Earl Matthews writes in RealClearEnergy about the flaws of a ban on U.S. oil exports.
- 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.
Read the full article here.