The Biden Administration has once again floated the idea of limiting U.S. fuel exports in order to ease the pressure on consumers at the pump.
Oil and gas industry groups have highlighted the significant unintended consequences that would come from such a policy.
The industry is warning the Administration that putting limits on U.S. fuel exports at a time of a global supply crunch and upended trade flows following the Russian invasion of Ukraine will only make matters worse. The industry warns that any artificially imposed limits on U.S. fuel exports could lead to potential cost increases, refinery closures, job losses, and productivity declines in America.
Referring to low inventories in the United States, Woods wrote in the letter, “Free market incentives remain the most efficient way for the industry to address these problems.”
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Biden administration urges Congress to speed up crypto rules\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Læs mere »
Trump counties are recovering faster than Biden countiesHigh rates of remote work among highly educated Biden-county residents hit in-person consumption, stunting local economies and slowing job growth. The exodus from big cities hurt too
Læs mere »
Biden to Visit Puerto Rico, Announce $60M in More Aid to IslandPresident Joe Biden says the U.S. government will be with Puerto Rico for the long haul as it cleans up and rebuilds after Hurricane Fiona.
Læs mere »
Inside House Republicans’ Plan to Investigate Hunter BidenRep. James Comer confirmed he has a copy of Hunter Biden's laptop and hopes to use it in House investigations next year.
Læs mere »