William Shughart | Thursday November 20, 2014 at 8:31 AM PST | Comments Off on The Anachronistic 1979 Oil Export Ban
Political pressure is building to repeal the 1979 ban on U.S. exports of crude oil to the rest of the world. I blogged on that issue recently in Inside Sources, which was picked up by Orangeburg, South Carolina’s Times and Democrat. Other blogs on that policy issue are forthcoming. Several reasons for lifting the...
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Tags: Domestic Oil Industry, Export Administration Act of 1979, Export Bans, Free Market, Global Oil Market, Government subsidies, History, international trade, Jimmy Carter, Mercantilism, Nationalism, OPEC, Presidential Power, Protectionism, Public Choice, Subsidies