“Exporting it now when the price is at a historic low does not seem very smart.”
With prices so low, some of our producers are struggling. Opening up export markets may keep them from going under. It will certainly mean more jobs.
With prices low, I think this is a good time for the US Government to buy domestic oil for the Strategic Petroleum Reserves. Again, it helps us producers and their employees, and it gives the country a safety net in case of a future oil crisis.
I think the SPR is maxed out. At least it was a year or so ago when I checked last.