Helping America Navigate a New Energy Reality

OPEC Sec on Lifting U.S. Ban

By on 21 Dec 2015 in quotes

If the ban on US oil exports is lifted…] “The net effect of export of American oil on the market is zero. This will have no effect on the price because the U.S. still is an importing country. They export some, but they need to import the same quantity from somewhere else.”

Abdalla El-Badri, Secretary-General of OPEC

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