The repugnicans in Oklahoma are doing handstands over the oil export embargo being lifted. They're even using the words 'oil boom'. Now the way I understand things is there is an oil glut on the world wide market. Sure, Oklahoma oil trades below the world price but not by much. Won't adding the US supply to the world market drive prices even lower? Me no understand.
And since Oklahoma crude will now be sold at the higher international price now at domestic refineries won't that drive gasoline prices up? The Repugnicans are also saying thos won't happen.
Me no understandy.
BKB
http://www.newson6.com/story/3079032...ok-experts-say