Exporting U.S. Crude Oil: What Is At Issue

The NYT had an article on the battle between oil producers and refiners over removing restrictions on the export of crude oil that included some misleading comments. At one point it presented the claims from a producer that a domestic glut of crude oil is lowering prices and could lead to a shutdown of less productive fields.

"'Nobody wants the collapse of the oil industry,' Mr. Sheffield [the oil producer] said in an interview. 'You would be importing crude oil from the Middle East all over...