This is from July, 2014...
The United States exported crude oil on Thursday, effectively ending a half-century ban on selling American oil abroad and opening the door for a radical transformation of the world economy, the Wall Street Journal reported.
The U.S. has large deposits of the kind of rocks that contain oil. The two biggest deposits are located in Eagle Ford, Texas, and Bakken, North Dakota. These fields have helped U.S. oil production grow by nearly 50% in just three years. America is now well on its way to becoming the world’s biggest oil producer, outstripping giants such as Saudi Arabia.
This increase of production could have huge political consequences, as the U.S. becomes less and less dependent on foreign oil and gas, much of which comes from volatile regions where America has few friends — think of Iran, Venezuela, and Russia.
There is no reason to raise the price on the oil we export...In fact, it would probably be better if we did not export and just relied on our own resources.
You leave the price the same for a couple of thousand barrels? Cool.
What about the other 9 million plus that we don't export?