White House is said to be considering limits on fuel exports. Limiting fuel exports is a politically sensitive decision. Fuel exports have been named as one of the factors contributing to higher retail fuel prices at home. The White House is reportedly considering putting limits on fuel exports in a bid to contain prices at the pump, which have topped $5 per gallon nationally. Per a Bloomberg report citing unnamed sources familiar with the discussion, the topic came to the fore in the last few days as President Biden accused the oil production and refining industry of taking advantage of the oil price rally to profit t the expense of consumers. Last week, Biden accused oil producers in general and Exxon specifically of making more money than they have a right to make in the current situation. “Why aren’t they drilling? Because they make more money not producing more […]

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