Texas Tech University

Economists question Bush's link between lifting oil export ban and lower domestic gas prices

U.S. News

September 30, 2015

U.S. News - The link between ending a 40-year oil export ban and lower prices at the gas pump is not as direct as Republican presidential candidate Jeb Bush would have voters believe in his new energy proposal, industry economists said Tuesday.

What is clearer is that oil companies would benefit immediately, said Michael Noel, an oil economist for Texas Tech University. "If the ban was lifted today, tomorrow they could start shipping the stuff," Noel said. "A change in the price in the U.S. is more difficult to gauge."

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