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<oembed><version>1.0</version><provider_name>Climate Change Dispatch</provider_name><provider_url>https://climatechangedispatch.com</provider_url><author_name>Thomas Richard</author_name><author_url>https://climatechangedispatch.com/author/ccdeditor/</author_url><title>Obama opposition to lifting the oil and gas export ban inexplicable</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="c20OuoFKh4"&gt;&lt;a href="https://climatechangedispatch.com/obama-opposition-to-lifting-the-oil-and-gas-export-ban-inexplicable/"&gt;Obama opposition to lifting the oil and gas export ban inexplicable&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://climatechangedispatch.com/obama-opposition-to-lifting-the-oil-and-gas-export-ban-inexplicable/embed/#?secret=c20OuoFKh4" width="600" height="338" title="&#x201C;Obama opposition to lifting the oil and gas export ban inexplicable&#x201D; &#x2014; Climate Change Dispatch" data-secret="c20OuoFKh4" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>HS vice chairman Daniel Yergin tells TheStreet's Joe Deaux that gas prices could drop by as much as 8 cents per gallon if the United States lifts its crude oil export ban. According to a Wednesday story in The Hill, the Obama administration has issued a formal veto threat against a measure that would lift the 40-year-old oil export ban. The ban, which was imposed in the wake of the first Arab oil embargo, is judged by most analysts to be obsolete. Thanks to the fracking boom and the advent of advanced drilling technologies, domestic oil and gas producers are awash in the product that could be sold overseas. The White House, however, believes that such a policy move would interfere with its drive to end fossil fuels and switch to a "non-carbon based" economy based on solar, wind, and other renewables.</description><thumbnail_url>https://climatechangedispatch.com/wp-content/uploads/images_pics8_daniel_yergin.jpg</thumbnail_url></oembed>
