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Why Gas Prices Will Go Lower If the U.S. Lifts Oil Export Ban

May 29, 2014
TheStreet / Powered by
IHS vice chairman Daniel Yergin tells TheStreet's Joe Deaux that gas prices could drop by as much as 8 cents per gallon if the United States lifts its crude oil export ban. A report by the energy research group says lifting the ban from 2016 through 2030 would trigger jobs growth by as much as nearly 1 million at its peak and collect a combined $1.3 trillion in government revenue. Yergin also tells TheStreet which participants won't stand to benefit from lifting the restriction and explains why he expects U.S. energy policy to shift in the Obama administration and in Congress. Video provided by TheStreet
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