U.S. Interior Secretary Doug Burgum told reporters on Monday that the United States is not considering a ban on U.S. oil exports.
Burgum, who was chairing the first day of the G20 Energy Abundance Ministerial in Houston, said in response to a question from the media that a ban on U.S. oil or fuel exports would not lower energy prices for consumers amid the Iran war.
“We would consider an export ban if we thought that actually might lower prices, but that’s not the case,” Burgum said, rejecting the idea.
He also warned that bans on U.S. oil, gasoline, or diesel exports could lead to retaliatory actions from other countries, which could hurt consumers in states such as California, which partially depend on imports….