Given current prices, does anyone even want to buy crude oil from the U.S.? After the House Energy and Commerce Committee voted to end a four-decade ban on most oil exports, crude in the U.S. remains more expensive than foreign supplies and domestic demand is robust. Supporters of expanded exports, including Exxon Mobil Corp. and ConocoPhillips, say ending the ban would ease a glut from the shale boom and lower global prices. Refiners opposed to the legislation say it could increase gasoline costs for U.S. consumers. Lifting the ban won’t lead to a big jump in shipments, at least in the short term, said John Auers, executive vice president at energy consultant Turner, Mason & Co. Light oil in Louisiana was more than $2 a barrel more expensive Wednesday than Brent, the international benchmark, making it unattractive for overseas refiners seeking to capitalize on the shale boom. Refineries in […]