Our latest report released today exposes U.S. oil producers that want to export crude oil despite the fact that they still only produce barely more than 50% of U.S. oil demand. 40 years on from the Arab oil embargo and America’s oil producers have only one thing on their minds; profits. Lifting crude export restrictions … Read More
Day: October 16, 2013
Report shows U.S. oil producers want to export U.S. crude oil to raise prices
A report released today by Oil Change International exposes the increasing desire of U.S. oil producers to export American crude oil despite only producing around 50% of U.S. demand. The move would enable oil producers to charge American refiners higher international prices for American crude.