Crude protectionism: Oil export ban shows cracks

Published



The U.S. government mostly bars the export of crude oil — a restriction that benefits a handful of politically connected companies and nobody else.

A new study from the U.S. Department of Energy found that repealing this little bit of corporate welfare would not drive up the price U.S. drivers pay for gasoline, thus undermining the only semi-plausible defense the subsidized special interests could mount.

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