What Happens If The Next U.S. President Bans Oil Exports?

It’s election year again and the stakes are higher than ever for one booming industry in the United States: oil and gas. All the leading Democratic candidates have vowed to reduce the country’s emissions to net zero by 2050, which is a pledge general enough to overlook, but some have also promised to ban oil exports as part of push to net zero emissions. Now this is a promise that the industry cannot overlook. Bernie Sanders, Elizabeth Warren, and Tom Steyer have all spoken in favor of reinstating the oil export ban that was in effect…