Rory Johnston
@Rory_Johnston
oil market researcher | founder of | former bank economist | markets, code, barbecue | subscribe to my research:
Joined December 2009
1.5K Following 112.3K Followers
Huzzah, API!
API knows better than most how terrible it would be for the White House to start mucking with export flows.
Trashes US rep as reliable energy supplier, harms US industry, and despite ST sugar high of lower pump $ would ultimately rebound & be worse for US consumers
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Americans are hurting from rising diesel costs driven by an unprecedented disruption to global refining capacity. We understand the administration is looking at every option to deliver relief, but restricting U.S. energy exports would only compound the problem — exacerbating refining challenges and ultimately hurting consumers.
The answer is more supply and more flexibility — not new restrictions that risk making a difficult situation worse.
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