As the U.S. increases its oil production for the first time in decades, a debate has been brewing on whether lifting the ban on crude oil exports is good for the country and American consumers. While oil interests advocate sending U.S. crude overseas, it's clear that prohibition on crude exports plays an important role in allowing the U.S. to increase energy independence, benefiting consumers and creating jobs for American workers. Lifting the ban will send a precious natural resource into a market dominated by OPEC, which means job losses, growing dependence on foreign oil and that Americans will pay higher prices at the pump.
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