--- title: "Meaning & Key Takeaway of: Exporting oil would not drive up prices…" description: "\"Exporting oil would not drive up prices at the pump. American drivers buy refined products, which the U.S. already exports. Many studies - from a range..." image: "https://sms4smile.com/quotes/i/970/harold-hamm-28130_energy_exporting-oil-would-not-drive-up-prices_944907.jpg" --- # Exporting oil would not drive up prices at the pump… ![“Exporting oil would not drive up prices at the pump. American drivers buy refined products, which the U.S. already exports. Many studies - from a range of institutions and government agencies, including the Congressional Budget Office and the Energy Information Administration - have shown that…” quote by Harold Hamm](https://sms4smile.com/quotes/i/970/harold-hamm-28130_energy_exporting-oil-would-not-drive-up-prices_944907.jpg) [Download](https://sms4smile.com/quotes/i/970/harold-hamm-28130_energy_exporting-oil-would-not-drive-up-prices_944907.jpg) [Open image](https://sms4smile.com/quotes/i/970/harold-hamm-28130_energy_exporting-oil-would-not-drive-up-prices_944907.jpg) > “Exporting oil would not drive up prices at the pump. American drivers buy refined products, which the U.S. already exports. Many studies - from a range of institutions and government agencies, including the Congressional Budget Office and the Energy Information Administration - have shown that lifting the export ban could actually lower gas prices.” [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Exporting oil may lower domestic gasoline prices because the U.S. already exports refined products and increased supply can reduce pump costs. **In simple terms:** Oil exports can reduce gas prices. Key Takeaway Consider policy impacts on fuel costs. Themes economics energy policy trade prices government analysis Mood analytical concerned Type policy economic informative When to use this quote - energy policy - fuel pricing - government regulation - consumer budgeting - industry lobbying Key Concepts supply and demand market dynamics export policy Questions to Reflect On - How would increased oil exports affect long‑term energy security? - What safeguards are needed to protect consumers? A Different Perspective Export bans can affect global markets and domestic supply chains. ★ ★ ★ ★ ★ No ratings yet [Climate](https://sms4smile.com/quotes/about/climate/) [Energy](https://sms4smile.com/quotes/about/energy/) [Export Ban](https://sms4smile.com/quotes/about/export-ban-1643295/) [Exporting](https://sms4smile.com/quotes/about/exporting/) [Exporting Oil](https://sms4smile.com/quotes/about/exporting-oil-1643294/) [Gas prices](https://sms4smile.com/quotes/about/gas-prices/) [Government](https://sms4smile.com/quotes/about/government/) [Information](https://sms4smile.com/quotes/about/information/) [Lifting Export](https://sms4smile.com/quotes/about/lifting-export-1643296/) [Motivation](https://sms4smile.com/quotes/about/motivation/) [Oil](https://sms4smile.com/quotes/about/oil/) ## Related quotes > [It ends a 40-year ban on exporting U.S. oil. It's changed - it's included in its cyber-security legislation - that says to private companies,…](https://sms4smile.com/quotes/susan-davis/it-ends-a-40-year-ban-on-exporting-u-s-oil-it-s-changed-it-s-included/) [Susan Davis](https://sms4smile.com/quotes/author/susan-davis/) > [The development of oil and gas resources depends more on capital than labour, and exporting oil and gas neither generates maximum returns from these…](https://sms4smile.com/quotes/khalid-a-al-falih/the-development-of-oil-and-gas-resources-depends-more-on-capital-than/) [Khalid A. Al-Falih](https://sms4smile.com/quotes/author/khalid-a-al-falih/) > [Gas prices in many parts of the country are nearing $4 a gallon; it could get even worse as unrest spreads throughout the oil-exporting…](https://sms4smile.com/quotes/victor-davis-hanson/gas-prices-in-many-parts-of-the-country-are-nearing-4-a-gallon-it/) [Victor Davis Hanson](https://sms4smile.com/quotes/author/victor-davis-hanson/) > [If you opened up every single potential drilling opportunity in the United States, it would have the effect of lowering gas prices three cents,…](https://sms4smile.com/quotes/jennifer-granholm/if-you-opened-up-every-single-potential-drilling-opportunity-in-the/) [Jennifer Granholm](https://sms4smile.com/quotes/author/jennifer-granholm/) > [In response to skyrocketing gas prices, liberals say, practically in unison, 'We can't drill our way out of this crisis.' What does that mean?…](https://sms4smile.com/quotes/ann-coulter/in-response-to-skyrocketing-gas-prices-liberals-say-practically-in/) [Ann Coulter](https://sms4smile.com/quotes/author/ann-coulter/) > [The reason gas prices are so high is because the oil is in Texas and Oklahoma and all the dipsticks are in Washington.](https://sms4smile.com/quotes/yakov-smirnoff/the-reason-gas-prices-are-so-high-is-because-the-oil-is-in-texas-and/) [Yakov Smirnoff](https://sms4smile.com/quotes/author/yakov-smirnoff/) > [As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted…](https://sms4smile.com/quotes/ha-joon-chang/as-south-korea-shows-active-participation-in-international-trade-does/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) > [So much of the world is being brought up on these stories that Hollywood is coming up with and exporting all over. They have…](https://sms4smile.com/quotes/brit-marling/so-much-of-the-world-is-being-brought-up-on-these-stories-that/) [Brit Marling](https://sms4smile.com/quotes/author/brit-marling/) > [Exporting firms are more productive and pay higher wages than their domestically focused counterparts, especially in places like Sub-Saharan Africa. If firms manage to…](https://sms4smile.com/quotes/arancha-gonzalez/exporting-firms-are-more-productive-and-pay-higher-wages-than-their/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [Nigeria will start exporting cars soon](https://sms4smile.com/quotes/goodluck-jonathan/nigeria-will-start-exporting-cars-soon/) [Goodluck Jonathan](https://sms4smile.com/quotes/author/goodluck-jonathan/) > [Ever since the Great Depression, we know that one of the key ways in which the US economy has stimulated growth is by manufacturing…](https://sms4smile.com/quotes/arundhati-roy/ever-since-the-great-depression-we-know-that-one-of-the-key-ways-in/) [Arundhati Roy](https://sms4smile.com/quotes/author/arundhati-roy/) > [We had enough quite enough snobbery in this world without exporting it to the hereafter.](https://sms4smile.com/quotes/rick-riordan/we-had-enough-quite-enough-snobbery-in-this-world-without-exporting/) [Rick Riordan](https://sms4smile.com/quotes/author/rick-riordan/) > [I get a bit of a kick out of exporting private enterprise and incentives.](https://sms4smile.com/quotes/fred-l-turner/i-get-a-bit-of-a-kick-out-of-exporting-private-enterprise-and/) [Fred L. Turner](https://sms4smile.com/quotes/author/fred-l-turner/) > [There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It's complicated, but if…](https://sms4smile.com/quotes/evan-davis/there-is-a-strong-link-between-the-following-three-things-exporting/) [Evan Davis](https://sms4smile.com/quotes/author/evan-davis/) > [We lead in exporting jobs.](https://sms4smile.com/quotes/dan-quayle/we-lead-in-exporting-jobs/) [Dan Quayle](https://sms4smile.com/quotes/author/dan-quayle/) ## More by Harold Hamm > [Business people across the world are seeing the possibility of Donald Trump being president, and this is a big thing that I believe is…](https://sms4smile.com/quotes/harold-hamm/business-people-across-the-world-are-seeing-the-possibility-of-donald/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [Certainly, Continental has taken advantage of pipe and sponsored pipeline projects where we could. As a historic shipper, we have put a lot of…](https://sms4smile.com/quotes/harold-hamm/certainly-continental-has-taken-advantage-of-pipe-and-sponsored/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [I'm a professional geologist, an explorationist for oil. That's what I've done in my career, one that's culminated in - at least to this…](https://sms4smile.com/quotes/harold-hamm/i-m-a-professional-geologist-an-explorationist-for-oil-that-s-what-i/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [A commodity producer should be comfortable being exposed to prices.](https://sms4smile.com/quotes/harold-hamm/a-commodity-producer-should-be-comfortable-being-exposed-to-prices/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [I grew up on a farm in Lexington, Oklahoma, a rural community south of Norman. My family moved to Enid, Oklahoma, in 1962, when…](https://sms4smile.com/quotes/harold-hamm/i-grew-up-on-a-farm-in-lexington-oklahoma-a-rural-community-south-of/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [I love nature. I'm not going to do anything to detract from it.](https://sms4smile.com/quotes/harold-hamm/i-love-nature-i-m-not-going-to-do-anything-to-detract-from-it/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [Oil is ancient wealth in the ground.](https://sms4smile.com/quotes/harold-hamm/oil-is-ancient-wealth-in-the-ground/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [The oil patch pays good. They're decent jobs paying between 50 and 70 thousand a year. Fracking has a big impact on the oil…](https://sms4smile.com/quotes/harold-hamm/the-oil-patch-pays-good-they-re-decent-jobs-paying-between-50-and-70/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [I always wanted to find oil. It was always an irresistible calling.](https://sms4smile.com/quotes/harold-hamm/i-always-wanted-to-find-oil-it-was-always-an-irresistible-calling/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [Anti-frackers are disingenuous. They bow to the religion of environmentalism.](https://sms4smile.com/quotes/harold-hamm/anti-frackers-are-disingenuous-they-bow-to-the-religion-of/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [I started working in the oilfield upon graduating high school. I was on the service end of it, driving tank trucks for Johnny Geer…](https://sms4smile.com/quotes/harold-hamm/i-started-working-in-the-oilfield-upon-graduating-high-school-i-was/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [Every time we can't drill a well in America, terrorism is being funded. Every onerous regulation puts American lives at risk.](https://sms4smile.com/quotes/harold-hamm/every-time-we-can-t-drill-a-well-in-america-terrorism-is-being-funded/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [President Trump will release America's pent-up energy potential, get rid of foreign oil, trash punitive regulations, create millions of jobs, and develop our most…](https://sms4smile.com/quotes/harold-hamm/president-trump-will-release-america-s-pent-up-energy-potential-get/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [No matter what, you've got to always follow your passion in life and always keep learning.](https://sms4smile.com/quotes/harold-hamm/no-matter-what-you-ve-got-to-always-follow-your-passion-in-life-and/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) > [President Obama is riding the wrong horse on energy.](https://sms4smile.com/quotes/harold-hamm/president-obama-is-riding-the-wrong-horse-on-energy/) [Harold Hamm](https://sms4smile.com/quotes/author/harold-hamm/) [Explore all 19 Harold Hamm quotes ](https://sms4smile.com/quotes/author/harold-hamm/) ## More Climate quotes > [Irish research will contribute to global progress and have the potential to help all countries realise the potential of their land sectors in addressing…](https://sms4smile.com/quotes/enda-kenny/irish-research-will-contribute-to-global-progress-and-have-the/) [Enda Kenny](https://sms4smile.com/quotes/author/enda-kenny/) > [In the current climate, things that are true, brave human stories become political.](https://sms4smile.com/quotes/cate-blanchett/in-the-current-climate-things-that-are-true-brave-human-stories/) [Cate Blanchett](https://sms4smile.com/quotes/author/cate-blanchett/) > [Windmills and solar cells are carbon-free sources of electricity. But they are costly. If you've been investing in those, give it up. That game…](https://sms4smile.com/quotes/kenneth-fisher/windmills-and-solar-cells-are-carbon-free-sources-of-electricity-but/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [Society understands the architecture of academia and knows there are relevant qualifications in different fields, and the media accepts the idea of specialisations and…](https://sms4smile.com/quotes/jay-griffiths/society-understands-the-architecture-of-academia-and-knows-there-are/) [Jay Griffiths](https://sms4smile.com/quotes/author/jay-griffiths/) > [There are many more traits that the climate deniers share with the creationists and Holocaust deniers and others who distort the truth.](https://sms4smile.com/quotes/donald-r-prothero/there-are-many-more-traits-that-the-climate-deniers-share-with-the/) [Donald R. Prothero](https://sms4smile.com/quotes/author/donald-r-prothero/) > [Some would call me an environmentalist. I don't know why. I reuse the water that falls in my backyard in the winter. I reuse…](https://sms4smile.com/quotes/ed-begley-jr/some-would-call-me-an-environmentalist-i-don-t-know-why-i-reuse-the/) [Ed Begley, Jr](https://sms4smile.com/quotes/author/ed-begley-jr/) > [I talk to fashion designers and say I want some money to save the rainforest, and they say, 'Oh, I agree with you completely…](https://sms4smile.com/quotes/vivienne-westwood/i-talk-to-fashion-designers-and-say-i-want-some-money-to-save-the/) [Vivienne Westwood](https://sms4smile.com/quotes/author/vivienne-westwood/) > [Assuming normal winter weather, we currently anticipate the coal markets to remain difficult through 2015; while we always strive to operate a full capacity…](https://sms4smile.com/quotes/joe-craft/assuming-normal-winter-weather-we-currently-anticipate-the-coal/) [Joe Craft](https://sms4smile.com/quotes/author/joe-craft/) > [Climate change poses clear, catastrophic threats. 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Only the public sector can…](https://sms4smile.com/quotes/ted-nordhaus/all-of-the-barriers-to-innovation-in-the-energy-sector-are-arguments/) [Ted Nordhaus](https://sms4smile.com/quotes/author/ted-nordhaus/) [Browse all 8,549 Climate quotes ](https://sms4smile.com/quotes/about/climate/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Exporting oil would not drive up prices at the pump. American drivers buy refined products, which the U.S. already exports. 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