Yeah, so energy independence is only for the Saudis. Gotcha.
We will produce more oil with the elimination of the export ban, not less. Gulf Coast Light Sweet was bottlenecked.
I’m all for independence on foreign oil but there are a ton of factors involved. Are you going to put up the Billions of dollars to convert our oil refineries to process only domestic crude? Would the American people stomach the much higher gas prices that would be the result.
It’s easy to say the oil export ban was good and that we shouldn’t import foreign oil, but to actually do it is a whole other ball game. Maybe the free market will work this all out over many, many years and the refineries will put in the money to convert on their own.