Crypto World
What a Diesel Export Ban Would Mean for U.S. Consumers
Outgoing Senator John Cornyn of Texas, the largest oil-producing state in the U.S., claimed that the ban is a “gimmick.”
Cornyn’s colleague, Senator Lisa Murkowski of major oil producer Alaska, cast her doubts on the export ban to the Hill: “We’re talking about global supply, so I worry that we do something in the short-term … that doesn’t really move the needle.”
Senator Mike Rounds of South Dakota also expressed criticism and said he is instead looking to other options, including restarting idled refineries. “The bigger problem we’ve got right now is, as I understand it, in California, we’ve already lost two more refineries because of California’s strict environmental rules,” Rounds told the Hill. “I would like to get those back up and operational again.”
The reactions exhibit how keen Republicans are to appear that they are providing solutions to the rising costs of living. As Reuters’ energy columnist Ron Bousso put it, fuel costs are increasingly becoming a political liability, and for the wider GOP, “a politically popular ‘quick fix’ may prove difficult to resist.”
You must be logged in to post a comment Login