OIL: WHO WANTS?
CNBC. By lifting restrictions on crude oil exports, the U.S. economy could generate more than a quarter of a million jobs and save consumers billions in energy costs, the American Petroleum Institute said Monday.
The oil and gas lobby group said consumers would save up to $5.8 billion per year on average between 2015 and 2035, with U.S. supply feeding global demand and triggering a drop in market prices.
"Now that the U.S. is poised to become the world's largest oil producer, the economic case for exports is clear," API Vice President Kyle Isakower said on a conference call with reporters.
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