EPRINC: US oil product export ban would raise costs

01/02/2012
Proposals to ban US petroleum product exports to ensure ample domestic supplies would raise costs for domestic consumers, the Energy Policy Research Institute (EPRINC) warned in a Dec. 21 briefing memorandum. EPRINC cited recent US Energy Information Administration statistics showing the US imports 2 million b/d and exports 3 million b/d of products. Requiring US Gulf Coast refiners to limit oil product sales to domestic markets that currently import products would sacrifice market efficiencies from sales to Mexico, Brazil, and other Latin American countries, EPRINC said. "Gains in transportation efficiencies would be unavailable and refinery utilization rates would fall as refiners ...
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