From WSJopinion: A Biden ban on oil exports would make the supply shortage worse, writes The Editorial Board
Oil prices are rising, and the White House is worried about higher gasoline prices for consumers. Let’s hope the Biden Administration doesn’t compound the damage from its assault on fossil fuels by banning U.S. oil exports.
Average gasoline prices nationwide have risen 40 cents a gallon in the last six months and $1 since December. The White House blames OPEC for not increasing supply more as demand has rebounded amid the pandemic recovery, but that’s a too-easy scapegoat.
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