Is A U.S. Oil Export Ban “The Stupidest Thing You Could Ever Imagine”?

The idea to restrict or ban exports of U.S. crude oil and liquefied natural gas (LNG) is the “stupidest thing,” ConocoPhillips chief executive officer Ryan Lance said this week as international crude prices and U.S. gasoline prices soar amid the energy market turmoil over Russia’s invasion of Ukraine. “Well, I’d say it’s probably the stupidest thing you could ever imagine,” the top executive of ConocoPhillips said at the CERAWeek by S&P Global energy conference in Houston on Tuesday, as carried by Natural…