Just when you thought President Joe Biden couldn’t screw up U.S. energy policy any worse, his cabinet rises to the occasion.
The Biden administration wants to curb – and potentially ban outright – U.S. exports of oil and refined products. Such a decision would do little to tame soaring consumer fuel prices and could cause them to remain inflated for longer.
Speaking to reporters during a recent tour of the Strategic Petroleum Reserve in Louisiana, Energy Secretary Jennifer Granholm said that the administration was “not taking any tools off the table” in its effort to reduce prices at the pump, including reimposing the 1970s ban on oil exports that was lifted in 2015.
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Article URL : https://www.forbes.com/sites/daneberhart/2022/06/07/banning-us-exports-would-be-bidens-ultimate-energy-folly/?sh=146c2a3f3b92