Economist favor lifting oil export ban

Fuel Fix:
Free-market economists are launching an initiative to tout the promise of crude exports on Thursday, buttressing separate campaigns by oil companies and their allies on Capitol Hill.

With a website, papers and analysis, the new “Unlock Crude Exports” campaign aims to convince policymakers in the White House and Congress that it’s time to dismantle the 39-year-old ban on selling most U.S. oil overseas.

Margo Thorning, senior vice president of the American Council for Capital Formation that is funding the campaign, said the change would allow the United States to capitalize on its “energy advantages,” as a domestic drilling boom sends oil production to near-record levels.

“I don’t see any logical reason to ban a product that we have in abundance,” she said in an interview. “We are now a world-class energy producer, and we have such an abundance, it makes no sense to forbid exports. It’d be like forbidding the export of wheat or corn or automobiles.”
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Most of the opposition comes from the anti energy left and from rent seeking refineries which want to lock in low prices and then report refined products.  I would also lift the Jones act which restricts movement of crude by sea to American ships and crews if which there are too few.

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