A coalition of U.S. refineries said repealing a 40-year-old ban on crude oil exports will harm energy security at a time when oil markets are in flux. A group of refineries united under the banner of the Consumers and Refiners for Domestic Energy, or CRUDE, coalition said the long-standing ban on exporting domestic crude oil is protecting the U.S. energy sector during fluid market conditions. “Repealing our long-standing energy independence policy is tantamount to imposing sanctions on consumers,” group Executive Director Jay Hauck said in an emailed statement. “Lower fuel prices are broadly benefiting U.S. consumers [by more than] $700 per household.” The ban was put in place following a decision from Arab members of the Organization of […]