API says GAO report on oil exports confirms industry position

API says GAO report on oil exports confirms industry position
Washington (UPI) Oct 21, 2014 - A report on the impacts of crude oil exports reinforces the industry view that trade barriers are curbing U.S. influence, the American Petroleum Institute said. A report from the Government Accountability Office found consumer fuel prices would decline if authorities ended the 1970s ban on crude oil exports. John Felmy, API's chief economist, said allowing free trade in the U.S. ... morehttp://www.oilgasdaily.com/reports/API_says_GAO_report_on_oil_exports_confirms_industry_position_999.html