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Transcripts For CSPAN3 Key Capitol Hill Hearings 20141217

1970s. But this isnt the 1970s. One of the key questions he already asked. What would happen if we are repealed the ban . What would happen to domestic gasoline prices . I havent seen any study that says they would go up. And, you know, the reverse question would be what would happen if we dont . What happens to Domestic Oil Production in the midterm and long term if we keep the ban in place . The key issue there is the market for domestic crude oil. U. S. Refinery capacity, i think, is around 12 Million Barrels a day. Is that correct . Domestic crude oil is close to nine Million Barrels a day. You get to 12 by adding in biofuels. Im asking what the refinery capacity is . Over 16 Million Barrels a day. Its over 16. Yes, sir. Okay. I didnt think it was th ....

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Transcripts For CSPAN3 Key Capitol Hill Hearings 20141217

Conditions to congress should consider . Its a great question. The reality is as my testimony stated, we just dont know enough about the height tight oils that are coming out of america. What we do know is like i said theyre lighter oils. Refineries are set to run heavier crudes. Were setting ourselves up to be a refiner as we export possibly if theyre not flaired, lower gas leans to others. Control what were doing what handing off our oil. Think are real questions from a climate perspective. What are these oils . What are we giving away . Is there any other panelists would like to comment on this . Are there any other panelist thats would like to comment on this . Let me ask you, mr. Evans, in your written testimony, you state that lifting the ban on crude oil exports would boost economic wages and Employment Training and overall the economic oils in the nation. What in your opinion are potential down sides to removing the b ....

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