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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.

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