Ending Crude Oil Export Ban Already Helping U.S. Economy
Written By: Bob Adelmann | Posted: Wednesday, August 31st, 2016
The New American
Since the 1970s ban on exporting crude oil was lifted last December, the oil industry has given statists and anti-growth politicians a lesson in free markets: exports increased seven times their previous levels in just the first three months of 2016. And this in the face of an economy that is still suffering from the dregs of the Great Recession.
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