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take us back 40 years ago and how we got here. guest: it is because critical commodities like oil pose unique national security and economic challenges. the dynamics that created the ban 40 years ago are still relevant today. the fact of the matter is that it limits the ability to export u.s. produced crude oil. what that does is ensures we have adequate supplies here at 9.5. we still import million barrels of petroleum products every day. even though we are producing record amounts of oil, we are still the largest importer of oil in the world. would give huge profits to oil companies. right now, the production discount, the production boom in the united states has resulted in a slight domestic price to scout for certain types of domestic produced oil. right now, refiners are enjoying a discount and sharing that with in the form of water prices. what producers want is to export the discount overseas to china and india. that will raise gasoline prices for american driver ....