4 ms·

Sure, but if the people who own the oil can sell it outside the country for more they will. So the price/demand outside still matters. Unless you're planning

by rthille 10y ago

Sure, but if the people who own the oil can sell it outside the country for more they will. So the price/demand outside still matters. Unless you're planning on making it illegal to export?

cc439 10y ago
It was illegal to export American crude oil for 40 years. That lasted until early this year: http://money.cnn.com/2016/01/29/investing/us-oil-exports-begin/ http://money.cnn.com/2016/01/29/investing/us-oil-exports-beg...
- ch4s3 10y ago
  Yeah, but the imports still set the price.