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The US To Allow Crude Oil Exports; Not That It Will Make Much Difference

Posted on 26 June 2014

We’ve the news that the US is to allow some crude oil exports for the first time since the ban on them was set in place in the 1970s. This is good news as it removes an economic inefficiency (and removing economic inefficiencies is always good news) but it’s not going to make all that much difference to the nation as a whole.
It’s really all a fight between the independent crude producers and the independent refiners. They, obviously, care about how this goes, crude exports or no crude exports, but it makes very little difference to the rest of us………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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