Would Scrapping Crude-Oil Export Ban Lower Gasoline Prices?
DENVER, COLORADO--August 8, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Lifting the U.S. ban on crude-oil exports would lower retail gasoline prices, among other benefits, Scott Sheffield, chairman and chief executive officer (CEO) at Pioneer Natural Resources Company (NYSE:PXD) (Irving, Texas), told attendees at an Oil & Gas conference here Wednesday. And failure to lift that ban could overwhelm the nation's Petroleum Refining industry and lead to a collapse of crude-oil prices, he added.
Within this article: Current and projected crude oil production statistics.
Other companies featured: IHS Incorporated (NYSE:IHS)
