Tight oil producers are hoping for an end to the U.S. oil export ban. They hired IHS to write the second report on this topic in less than a year. In Unleashing The Supply Chain , IHS argues that U.S. jobs are the casualty from the export ban. The problem, they say, is that the U.S. lacks the capacity to refine all of the light tight oil being produced and that lowers the price. But there were plenty of jobs over the last several years when oil prices were high even though the export ban was in place. That is because over-supply has lowered oil prices and over-production, not the export ban, is the problem. The chart below shows that tight oil production from the U.S. and Canada is the anomaly responsible for global over-supply. Leading liquids producing countries 2008-2014. Source: EIA and Labyrinth Consulting Services, Inc. (Click image to enlarge) And it’s a […]