Burgum Warns Export Ban May Harm US Energy Import-Dependent Regions
As the average US diesel retail price broke through the $6-per-gallon threshold for the first time, Interior Secretary Doug Burgum stated that banning U.S. crude oil or fuel exports is 'unlikely' to reduce energy costs for domestic consumers.
Burgum made this assertion at the G20 energy meeting in Houston, where he emphasized that such a move could provoke retaliatory measures from other countries, ultimately harming US regions that depend on energy imports, with California being the most direct example.
Citing California as an illustration, Burgum explained that if the United States stopped exporting energy products overseas, other countries could follow suit and stop supplying energy to California, leaving local consumers bearing the ultimate cost.