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Tubaron
Tubaron
·
2021-12-13
Ok
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Tubaron
Tubaron
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2021-12-12
Sigh
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Tubaron
Tubaron
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2021-12-11
Hmm
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Tubaron
Tubaron
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2021-12-10
Yep
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Tubaron
Tubaron
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2021-12-08
Oily
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Tubaron
Tubaron
·
2021-12-07
What are they smoking
Tesla Stock Price Target Raised to $1,000 at UBS. Here Is Why.
Shares of Tesla were rebounding Tuesday after UBS raised its price target on the stock, calling the
Tesla Stock Price Target Raised to $1,000 at UBS. Here Is Why.
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Tubaron
Tubaron
·
2021-12-07
Go go go
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Tubaron
Tubaron
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2021-12-04
Why
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Tubaron
Tubaron
·
2021-11-23
Hmm
House Democrats call for Biden to ban oil exports and tap emergency reserves
New York (CNN Business) - Nearly a dozen Congressional Democrats are urging President Joe Biden to c
House Democrats call for Biden to ban oil exports and tap emergency reserves
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Tubaron
Tubaron
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2021-11-19
Wow
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are they smoking","listText":"What are they smoking","text":"What are they smoking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606268285","repostId":"1195364731","repostType":2,"repost":{"id":"1195364731","kind":"news","pubTimestamp":1638885960,"share":"https://www.laohu8.com/m/news/1195364731?lang=&edition=full","pubTime":"2021-12-07 22:06","market":"us","language":"en","title":"Tesla Stock Price Target Raised to $1,000 at UBS. Here Is Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1195364731","media":"Barrons","summary":"Shares of Tesla were rebounding Tuesday after UBS raised its price target on the stock, calling the ","content":"<p>Shares of Tesla were rebounding Tuesday after UBS raised its price target on the stock, calling the electric-vehicle company the “undisputed leader” in the market.</p>\n<p>Analyst Patrick Hummel increased his price target to $1,000 from $725, saying global demand for electric vehicles will propel the company to continue beating expectations in 2022. Hummel maintained a Neutral rating on the stock.</p>\n<p>The electric-vehicle manufacturer had a rough Monday, with the stock closing at $1,009.01, slipping dangerously close to its third bear market of the year. Tesla (ticker:TSLA) was faring better Tuesday, with shares rising 3.7% to $1,046 in premarket trading.</p>\n<p>Of the 41 analysts surveyed by FactSet, 17 rate the stock at Buy or Overweight, 12 rate it a Hold, and 12 rate it a Sell. The average price target is $851.09.</p>\n<p>Tesla’s access to chips and batteries through vertical integration sets it apart from its competitors, helping the company cement market leadership with about 20% global EV share, the analyst said.</p>\n<p>“We’ve raised estimates sharply to reflect this undisputed leadership, however, current valuation fully reflects such steep curve,” Hummel wrote in a research note Tuesday.</p>\n<p>The title of Hummel’s research note on Tesla was: “Cementing leadership as EV market takes off: New $1,000 price target (from $725) – no rival to get even close to Tesla in 2022.”</p>\n<p>Hummel is forecasting Tesla’s car sales to grow from 894,000 in 2021 to 1.4 million in 2022, and reach 2.9 million by 2025, more than competitors BMW (BMW.DE) or Mercedes-Benz.He expects EVs in general to account for 50% of global car sales by 2030.</p>\n<p>A big part of Tesla’s advantage is the software’s scalability, which can drive a big revenue pool with even higher margins well beyond 2025, Hummel said.</p>\n<p>“Software is the next battleground in the global car industry, and no other carmaker is closer to monetize fully autonomous driving for everyday use, and the scalability of Tesla’s technology creates the biggest software-driven revenue opportunity in the industry,” he wrote.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Price Target Raised to $1,000 at UBS. Here Is Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Price Target Raised to $1,000 at UBS. Here Is Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-07 22:06 GMT+8 <a href=https://www.barrons.com/articles/tesla-tsla-stock-price-target-raised-ubs-electric-vehicles-51638885474?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Tesla were rebounding Tuesday after UBS raised its price target on the stock, calling the electric-vehicle company the “undisputed leader” in the market.\nAnalyst Patrick Hummel increased his...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-tsla-stock-price-target-raised-ubs-electric-vehicles-51638885474?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-tsla-stock-price-target-raised-ubs-electric-vehicles-51638885474?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195364731","content_text":"Shares of Tesla were rebounding Tuesday after UBS raised its price target on the stock, calling the electric-vehicle company the “undisputed leader” in the market.\nAnalyst Patrick Hummel increased his price target to $1,000 from $725, saying global demand for electric vehicles will propel the company to continue beating expectations in 2022. Hummel maintained a Neutral rating on the stock.\nThe electric-vehicle manufacturer had a rough Monday, with the stock closing at $1,009.01, slipping dangerously close to its third bear market of the year. Tesla (ticker:TSLA) was faring better Tuesday, with shares rising 3.7% to $1,046 in premarket trading.\nOf the 41 analysts surveyed by FactSet, 17 rate the stock at Buy or Overweight, 12 rate it a Hold, and 12 rate it a Sell. The average price target is $851.09.\nTesla’s access to chips and batteries through vertical integration sets it apart from its competitors, helping the company cement market leadership with about 20% global EV share, the analyst said.\n“We’ve raised estimates sharply to reflect this undisputed leadership, however, current valuation fully reflects such steep curve,” Hummel wrote in a research note Tuesday.\nThe title of Hummel’s research note on Tesla was: “Cementing leadership as EV market takes off: New $1,000 price target (from $725) – no rival to get even close to Tesla in 2022.”\nHummel is forecasting Tesla’s car sales to grow from 894,000 in 2021 to 1.4 million in 2022, and reach 2.9 million by 2025, more than competitors BMW (BMW.DE) or Mercedes-Benz.He expects EVs in general to account for 50% of global car sales by 2030.\nA big part of Tesla’s advantage is the software’s scalability, which can drive a big revenue pool with even higher margins well beyond 2025, Hummel said.\n“Software is the next battleground in the global car industry, and no other carmaker is closer to monetize fully autonomous driving for everyday use, and the scalability of Tesla’s technology creates the biggest software-driven revenue opportunity in the industry,” he wrote.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3059,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606355152,"gmtCreate":1638837659668,"gmtModify":1638837659893,"author":{"id":"3579321262958123","authorId":"3579321262958123","name":"Tubaron","avatar":"https://static.tigerbbs.com/5af676245824ca64a40012bbae2dca16","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579321262958123","authorIdStr":"3579321262958123"},"themes":[],"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/606355152","repostId":"1150962589","repostType":4,"isVote":1,"tweetType":1,"viewCount":1940,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601756355,"gmtCreate":1638574858882,"gmtModify":1638574859001,"author":{"id":"3579321262958123","authorId":"3579321262958123","name":"Tubaron","avatar":"https://static.tigerbbs.com/5af676245824ca64a40012bbae2dca16","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579321262958123","authorIdStr":"3579321262958123"},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601756355","repostId":"1158981658","repostType":4,"isVote":1,"tweetType":1,"viewCount":1758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875871286,"gmtCreate":1637636616380,"gmtModify":1637636716027,"author":{"id":"3579321262958123","authorId":"3579321262958123","name":"Tubaron","avatar":"https://static.tigerbbs.com/5af676245824ca64a40012bbae2dca16","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579321262958123","authorIdStr":"3579321262958123"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875871286","repostId":"1181870831","repostType":4,"repost":{"id":"1181870831","kind":"news","pubTimestamp":1637636123,"share":"https://www.laohu8.com/m/news/1181870831?lang=&edition=full","pubTime":"2021-11-23 10:55","market":"us","language":"en","title":"House Democrats call for Biden to ban oil exports and tap emergency reserves","url":"https://stock-news.laohu8.com/highlight/detail?id=1181870831","media":"CNN Business","summary":"New York (CNN Business) - Nearly a dozen Congressional Democrats are urging President Joe Biden to c","content":"<p><b>New York (CNN Business)</b> - Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing barrels from the US Strategic Petroleum Reserve but by banning US oil exports, according to a letter viewed by CNN.</p>\n<p>The letter sent Monday to Biden adds to the pressure the White House is facing even from its own party to lower prices at the pump that are angering Americans and contributing to the biggest inflation spike in decades.</p>\n<p>Calling the matter an \"urgent issue,\" House Democrats led by California Rep. Ro Khanna called for Biden to ensure \"affordable and reliable energy for American families.\"'</p>\n<p>\"We must use all tools at our disposal to bring down gasoline prices in the short term,\" reads the letter, which was also signed by eight other Democrats, including Reps. Barbara Lee, Katie Porter, Darren Soto and others. Senate Democrats sent Biden a similar letter earlier this month.</p>\n<p><b>'Not a panacea'</b></p>\n<p>Biden could be ready to use one of those tools as soon as Tuesday.</p>\n<p>Biden hopes to announce his decision to release oil from the SPR in an economic speech on Tuesday,officials told CNN.However, the timing of such a move is contingent on the other nations finalizing their agreements to do the same, officials said.</p>\n<p>The specter of the United States, and potentially other nations, releasing emergency barrels has already helped to lower oil prices. After topping $85 a barrel in late October, US oil prices have declined about 10%. That in turn has helped put a lid on surging gasoline prices. The national average is $3.41 a gallon, roughly flat with a week ago,according to AAA.</p>\n<p>\"Our primary responsibility is how do we bring the cost down for working class Americans,\" Khanna told CNN in a phone interview. \"This is something that people are upset about. We need to address that concern.\"</p>\n<p>However, even proponents of tapping the SPR acknowledge it isn't a long-term fix. It's more of a band-aid.</p>\n<p>That's because there is a finite amount of oil in emergency reserves. And releasing barrels won't solve the underlying supply-demand imbalance caused by surging demand amid the economic recovery and lackluster supply from OPEC, the United States and other major producers.</p>\n<p>\"It's not going to be a panacea. But we've got to do what we can,\" Khanna said in the interview.</p>\n<p><b>Would export ban help — or hurt?</b></p>\n<p>But the House Democrats suggest Biden should seriously consider the more dramatic step of banning oil exports -- even though multiple industry experts have warned such a step could backfire on US consumers.</p>\n<p>\"A ban on US crude oil exports will boost domestic supply and put downward pressure on prices for American families,\" the letter from House Democrats said.</p>\n<p>This idea has reached the top levels of the Biden administration. The soaring costs of gasoline so alarmed White House chief of staff Ron Klain at one point that he suggested taking the dramatic step of halting US oil exports to drive costs down, one official told CNN. Administration officials believe they could secure an agreement on a coordinated release that wouldn't require banning exports.</p>\n<p>However, Goldman Sachs told clients last month that an export ban would likely be \"counterproductive\" and have a \"likely bullish impact\" on retail fuel prices.</p>\n<p>That's because oil is a globally traded commodity and US gas prices are set by Brent, the world benchmark. If the world lost access to US barrels, Brent prices would likely rise due to less supply.</p>\n<p>And US oil refiners can't rely on domestic oil alone to produce the diesel, jet fuel and gasoline that the economy relies on. Refineries blend US oil with foreign barrels to churn out these products.</p>\n<p>Khanna cast doubt on the analysis from industry experts, arguing they could be conflicted in warning against oil export bans.</p>\n<p>\"It's a real stretch to argue that increasing domestic supply of a product is somehow bad for Americans,\" Khanna said.</p>\n<p>Yet even Mark Zandi, an economist frequently cited by the White House, is skeptical.</p>\n<p>\"I'm not a fan of banning oil exports,\" Zandi, the chief economist at Moody's Analytics, told CNN in an email. \"I doubt it will meaningfully lower gasoline prices, as the price of gas is largely determined by global oil prices and not the price of domestically produced oil. It is also unclear whether domestic refineries would be able to efficiently process the type of oil that the U.S. exports.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>House Democrats call for Biden to ban oil exports and tap emergency reserves</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHouse Democrats call for Biden to ban oil exports and tap emergency reserves\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 10:55 GMT+8 <a href=https://edition.cnn.com/2021/11/22/investing/gas-prices-oil-spr-export-ban-democrats/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) - Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing barrels from the US Strategic Petroleum Reserve but by ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/22/investing/gas-prices-oil-spr-export-ban-democrats/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/22/investing/gas-prices-oil-spr-export-ban-democrats/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181870831","content_text":"New York (CNN Business) - Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing barrels from the US Strategic Petroleum Reserve but by banning US oil exports, according to a letter viewed by CNN.\nThe letter sent Monday to Biden adds to the pressure the White House is facing even from its own party to lower prices at the pump that are angering Americans and contributing to the biggest inflation spike in decades.\nCalling the matter an \"urgent issue,\" House Democrats led by California Rep. Ro Khanna called for Biden to ensure \"affordable and reliable energy for American families.\"'\n\"We must use all tools at our disposal to bring down gasoline prices in the short term,\" reads the letter, which was also signed by eight other Democrats, including Reps. Barbara Lee, Katie Porter, Darren Soto and others. Senate Democrats sent Biden a similar letter earlier this month.\n'Not a panacea'\nBiden could be ready to use one of those tools as soon as Tuesday.\nBiden hopes to announce his decision to release oil from the SPR in an economic speech on Tuesday,officials told CNN.However, the timing of such a move is contingent on the other nations finalizing their agreements to do the same, officials said.\nThe specter of the United States, and potentially other nations, releasing emergency barrels has already helped to lower oil prices. After topping $85 a barrel in late October, US oil prices have declined about 10%. That in turn has helped put a lid on surging gasoline prices. The national average is $3.41 a gallon, roughly flat with a week ago,according to AAA.\n\"Our primary responsibility is how do we bring the cost down for working class Americans,\" Khanna told CNN in a phone interview. \"This is something that people are upset about. We need to address that concern.\"\nHowever, even proponents of tapping the SPR acknowledge it isn't a long-term fix. It's more of a band-aid.\nThat's because there is a finite amount of oil in emergency reserves. And releasing barrels won't solve the underlying supply-demand imbalance caused by surging demand amid the economic recovery and lackluster supply from OPEC, the United States and other major producers.\n\"It's not going to be a panacea. But we've got to do what we can,\" Khanna said in the interview.\nWould export ban help — or hurt?\nBut the House Democrats suggest Biden should seriously consider the more dramatic step of banning oil exports -- even though multiple industry experts have warned such a step could backfire on US consumers.\n\"A ban on US crude oil exports will boost domestic supply and put downward pressure on prices for American families,\" the letter from House Democrats said.\nThis idea has reached the top levels of the Biden administration. The soaring costs of gasoline so alarmed White House chief of staff Ron Klain at one point that he suggested taking the dramatic step of halting US oil exports to drive costs down, one official told CNN. Administration officials believe they could secure an agreement on a coordinated release that wouldn't require banning exports.\nHowever, Goldman Sachs told clients last month that an export ban would likely be \"counterproductive\" and have a \"likely bullish impact\" on retail fuel prices.\nThat's because oil is a globally traded commodity and US gas prices are set by Brent, the world benchmark. If the world lost access to US barrels, Brent prices would likely rise due to less supply.\nAnd US oil refiners can't rely on domestic oil alone to produce the diesel, jet fuel and gasoline that the economy relies on. Refineries blend US oil with foreign barrels to churn out these products.\nKhanna cast doubt on the analysis from industry experts, arguing they could be conflicted in warning against oil export bans.\n\"It's a real stretch to argue that increasing domestic supply of a product is somehow bad for Americans,\" Khanna said.\nYet even Mark Zandi, an economist frequently cited by the White House, is skeptical.\n\"I'm not a fan of banning oil exports,\" Zandi, the chief economist at Moody's Analytics, told CNN in an email. \"I doubt it will meaningfully lower gasoline prices, as the price of gas is largely determined by global oil prices and not the price of domestically produced oil. It is also unclear whether domestic refineries would be able to efficiently process the type of oil that the U.S. exports.\"","news_type":1,"symbols_score_info":{"BZmain":0.9,"CLmain":0.9,"MCLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876619390,"gmtCreate":1637302580354,"gmtModify":1637302593523,"author":{"id":"3579321262958123","authorId":"3579321262958123","name":"Tubaron","avatar":"https://static.tigerbbs.com/5af676245824ca64a40012bbae2dca16","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579321262958123","authorIdStr":"3579321262958123"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876619390","repostId":"1126831480","repostType":4,"isVote":1,"tweetType":1,"viewCount":2719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"followers","isTTM":false}