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Tag Archives: crude oil export ban

Citi: Boom brings two generations worth of prosperity

barrels of money

There’s no doubt, that if you’re an oilfield worker reading over this, what’s in your wallet compared to many probably puts you in another tax bracket. From individual lives to new business and budding entrepreneur, oil production has given new life to the U.S. economy. But there is always the looming question in the back of the American consciousness, “How ...

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Brent oil price the main factor in U.S. gasoline prices -EIA

WASHINGTON, Oct 30- U.S. gasoline prices are mainly set by global oil prices, a government report said on Thursday, a conclusion that should ease concerns among some lawmakers that lifting a crude oil export ban would mean pain at the pump for American motorists. In essence the report supported the notion that easing the export restriction, imposed by Congress in ...

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