Influenced by a car tell. Its clear who gains from this scenario the Oil Exploration and production companies, many of which are foreign owned. With all the crude coming out of north dakota, wyoming, texas, pennsylvania and other states helping to push prices down, these Companies Want to lift the ban and sell u. S. Crude on the Global Market at higher prices largely determined by opec. And its equally apparent who would lose the american consumer, who would pay more for gasoline, more for heating oil and more for the price of an airline ticket. In in fact, according to barclays plc, lifting the export ban would stop the decline in u. S. Crude prices and cost american motorists as much as 10 billion a year in higher prices at the pump. Our countrys refinery workers also stand to lose from lifting export limits. Some recent history can help explain why. Before the shale oil boom, there was too much capacity in refineries in the northeast and along the gulf coast and many were closing. I
Executive privilege or one of the arguments that are legitimate. So well have you back soon. We are going look at the twelve recommendations and how you are going about it. I thank you for being here and for answering all the questions you did. Thank you very much. We stand adjourned. [inaudible conversations]. Emergency and Natural Energy resources will come to order. We will have a busy morning today. But i want to start with particularly exciting news. Senator landrew is having her first grand daughter in a couple hours. We will give her a round of applausei applaua applause. We wabt wanted to wanted to have this hearing because there is talk on whether extruding crude oil is in the natural interest of the people. I think it is fair to say this isnt going to be revolved over the next couple weeks. There is a lot of interest in this subject and that is why we are holding the hearing. I believe deeply in expanded trade. 16 jobs depends on International Trade in my state and trade jobs