What effects will the oil exports have on the supply curve through the U.S?

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07-03-2018
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What effects will the oil exports have on the supply curve through the U.S?

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pluggedchocolate pluggedchocolate · Answer 1 · 2018-03-13T03:02:33+01:00

pluggedchocolate pluggedchocolate

13-03-2018

Consider that because American oil producers can now sell at a higher price, they will“move up their supply curve” and produce more barrels of crude per day than they otherwise would havedone, had the export ban remained in effect.

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