US oil producers may have warmed to Senator Lisa Murkowski calling in Houston this week for the lifting of restrictions on crude exports, but they shouldn’t start licking their chops, judging by the comments of other notables at the IHS CERAWeek conference.
Chevron CEO John Watson said the benefits of free trade should win the day, but he tempered that assertion with a heavy dose of political reality.
“No doubt that we’ll go through a long debate, but it’s a very straight forward economical argument,” he said while giving a keynote address to the conference.
OPEC and other producer countries probably are not shaking in their boots either, based on comments made by the Nigerian oil minister.
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