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

Date:
May 29, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
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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Gasoline Price Outlook: Good For Refiners, Bad For Drivers

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End of Crude Oil Export Ban Means the End of the Game for Refiners

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TheStreet (July 2, 2014) — Dan Dicker, energy contributor at RealMoney, talks to Jim Cramer about the Commerce Department's recent decision to allow the reclassification of condensates as a refined product, in effect ending a 40-year old ban on the export of domestically produced crude oil. This will expand the business of distilling crude oil for export overseas, benefiting U.S. exploration and production companies and some transport MLPs. The losers will be the U.S. refiners, who will see the end of the price advantage they have enjoyed for the last 4 years. Dicker says he would not own any of them right now. Video provided by TheStreet
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Keystone Completion, Pipeline Explosion Creating Energy Opportunities

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