Export Ban on Crude Oil Should Remain in Place

Washington, D.C.–(ENEWSPF)–January 28, 2014.  Today, as Congress considers lifting the prohibition of crude oil exports, the Center for American Progress released an analysis that supports retention of the ban. The analysis finds that allowing exports for the first time since 1975 could lead to gasoline price spikes and weaker energy security. The American Petroleum Institute—Big Oil’s lobbying arm—proposed lifting the ban.