Responding to requests from several lawmakers to study the pros and cons of relaxing or ending the ban, the EIA, part of the
"We are going to do a series of small studies, rather than try to do one big study," Sieminski said at a Natural Gas Roundtable luncheon.
The agency will examine topics such as the amount of light sweet crude oil
Sieminski said the report on gasoline price effects would likely be released sometime this summer.
The US shale boom has produced a flood of light sweet crude oil in areas such as
"There is a limited appetite for light sweet crude, so it's not like all our oil would disappear overseas," he said.
Meanwhile, US commercial crude oil and products inventories were forecast to have risen to the highest since records began to be kept more than 30 years ago, an expanded Reuters poll of eight analysts showed.
The survey, taken ahead of weekly inventory reports from the EIA, showed crude stocks rose 2.4 million barrels on average for the week ended
Data from the
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