Energy policy

 

 

This July 4, the price of gasoline in the US is expected to be at its highest level in six years – at $3.704 per gallon according to the Energy Information Commission.

Separately, this week, the Obama Administration lifted a 40-year-old ban on the exporting of crude oil. Steve Mufson of The Washington Post noted, “The Commerce ruling initially clears the way for as little as 20,000 barrels a day of new condensate exports (minimally processed super-light oil) but that could rise to as much as 200,000 barrels a day, the estimated Gulf coast capacity of stabilization units, according to an analyst report by Citigroup.”

About arnulfo

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