We asked traders if the U.S. should lift the crude export ban

September 11, 2015 07:54 AM

Jeff Carter @pointsnfigures

Yes. We should lift the ban on exports, and lift all tariffs and duties on imports.

Having a ban artificially raises the price of domestic crude. It also artificially erects a protectionist barrier around U.S. companies. The quicker we eliminate government intervention in all markets, the better off the public is. We should eliminate the sugar duties and tariffs too which artificially increase the price of domestic sugar.

Jeffrey Carter is an angel investor and independent trader. He specializes in turning concepts into profits. In April of 2007, he co-founded Hyde Park Angels, one of the most active angel groups in the United States. He is a former member of the CME Board of Directors.
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