Guarantees needed to lift oil export ban
In Our Opinion
If there could be guarantees that lifting the almost 40-year-old ban on exporting U.S. crude oil would drastically reduce gasoline prices we’d say doing so should be a no brainer. Lift the ban.
Unfortunately there are many factors that determine the price of gasoline at the pump besides supply, including predictions of possible weather conditions that could impact production, political turmoil and speculators making guesses. All of this means that while the price of oil per barrel might drop the price of gas we put in our cars could rise.
Some members of Congress are making a strong push...