LET’S KEEP U.S. CRUDE IN AMERICA
The longstanding policy of keeping U.S. crude oil in America has had bipartisan support among lawmakers and broad support from the American public for 40 years. The policy benefits consumers, businesses and U.S. national security. The crude-export issue is a complex one, and lifting restrictions on exports would have a number of unintended ramifications.
LIFTING THE BAN WILL RAISE PRICES AT THE PUMP
Studies show that American consumers are benefiting from export restrictions in the form of lower fuel prices. Now that the price of oil has plummeted, some producers are clamoring to lift the ban, because they believe they can command higher – not lower – prices. And higher domestic crude prices simply mean higher fuel prices for all Americans. Higher domestic crude prices mean higher prices for gasoline, diesel, jet fuel, and home heating oil.