“The political temptation to slash U.S. oil exports amid high fuel prices is understandable, but likely to backfire in practice,” writes Clayton Seigle.
Read more about the consequences of banning gasoline exports: https://bit.ly/4ul2RVv
As the world borrows from oil inventory “savings” to offset the Middle East Gulf export closure, U.S. gasoline prices are likely to rise. But policymakers should avoid bad ideas like banning exports, ...
