Re:Finally, no bid on mortgage-backed securities
by kory on Monday June 13, 2022 @10:18AM
(#31725949)
An export ban would place the maximum American crude price at about $70/barrel, since that's a little bit above the shale breakeven price. Prices would tank overnight. There is no conceivable scenario where an export ban would not substantially cut oil prices.
Maybe we won't see $2/gallon again, but $6+/gallon would be a thing of the past.
Maybe we won't see $2/gallon again, but $6+/gallon would be a thing of the past.