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JUL 26, 2014 - TheStreet

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Why Lifting the Oil Export Ban Won't Kill Cheap Gas

NEW YORK (TheStreet) -- The Commerce Department's approval in June for Pioneer Natural Resources and Enterprise Products Partners to export condensates lifted investors' hopes that this signaled a shift to end the U.S. oil export ban. The decision received praise from advocates to end the ban, including Senate Energy Committee ranking member Sen. Lisa Murkowski (R., Alaska), who called it a "step in the right direction" for what she termed an "outdated policy." WATCH: More market update videos on TheStreet TV | More videos from Joe Deaux But oil analysts said it's unlikely that Congress ... Read More

Tags: Why Lifting the Oil Export Ban Won't Kill Cheap Gas,  Commerzbank Latest News