bAN OIL EXPORTS!! Keep US oil at home, lower gas prices! hashtag underscore yolo [View all]

Why am I seeing this in some corners of the interwebz?

It's really nonsense.

Let's start.

The US produces mostly "light sweet crude"

US refineries need "heavy sour crude" to produce gasoline, etc... from the oil imported from Canada, Mexico and Venezuela

If you ban exports you trap millions of barrels of crude here that refineries can't use.

Oil is priced as a global commodity so what are they suggesting? Price setting? Regulate oil prices to be $45/bbl??

And then with permanent $45/bbl oil, how many of the US drillers will just stop drilling as there's no money to make?


Sometimes the people who think they're really smart... are simply utter buffoons.



At least in California... $1.30-1.40 per gallon is taxes.