Claims that easing U.S. oil export restrictions won’t have economic benefits go against peer-reviewed studies, the head of an oil producers coalition said. An increase in U.S. oil production has led to calls from industry leaders and their supporters to ease restrictions placed on exports. Crude oil exports are restricted under legislation enacted in response to the oil embargo from Arab members of the Organization of Petroleum Exporting Countries in the 1970s. George Baker, executive director of the Producers for American Crude Oil Exports, said multiple studies have shown lifting the ban would have widespread economic benefits. “Any claim to the contrary goes against the findings of, among others, the Brookings Institution , IHS Energy, the Dallas Federal Reserve Bank, and the U.S. Government Accountability Office,” he said in a statement sent Wednesday to UPI. “Moreover, such […]