Why Obama and Congress Won't Lift the U.S. Oil Export Ban

Now watching

Next video starts in : 7 Play

Why Obama and Congress Won't Lift the U.S. Oil Export Ban

Why Obama and Congress Won't Lift the U.S. Oil Export Ban
Replay video
Up next

Stocks Rise as Investors Hope Fed's Rate Hike Is Delayed on Greece Worries

Unlock your personal NFL Now stream by signing in to NFL.com

Why Obama and Congress Won't Lift the U.S. Oil Export Ban

by TheStreet 2:11 mins

Why Obama and Congress Won't Lift the U.S. Oil Export Ban

by TheStreet 2:11 mins

The Commerce Department in late June approved Pioneer Natural Resources and Enterprise Products Partners to export condensates abroad, giving advocates hope that Congress will lift its 40-year oil export ban. Analysts at Bank of America, Commerzbank AG and Eurasia Group tell TheStreet's Joe Deaux why Congressional Republicans and Democrats won't move to lift the ban, and they explain why the White House will punt the issue to the next administration. The analysts also explain whether lifting the ban will actually hurt American consumers by forcing them to pay higher gas prices.

TheStreet

Finance

  1. 1:59

    Unexpected -- and brilliant -- ways these people made tons of money

  2. 2:14

    Incomes of bottom 99% rise, and income inequality worsens

  3. 2:44

    Crowdsourcing Greek debt

  4. 4:19

    Obama outlines new overtime rules

  5. 16:59

    Apple Music arrives, Obama's new overtime rules, Greek debt crowdsourcing

  6. 3:35

    Apple Music launches today

Personal Finance

  1. 1:59

    Unexpected -- and brilliant -- ways these people made tons of money

  2. 1:07

    How to start investing in your 401(k)

  3. 2:23

    You can't go wrong if you major in a STEM field and other myths about college

  4. 2:17

    How much would you spend on your wedding?

  5. 1:10

    Money Minute: When is the right time to lock in your mortgage rate?

  6. 2:03

    The trade school dilemma: 'Should I or shouldn't I?'

Market Movers