Tom Petrie, chairman of Petrie Partners LLC, thinks exports will get the green light in the first half of 2015. “It’s a job-creating, deficit-reducing benefit to the U.S. economy,” he said. One of the reasons exports are feasible is because the U.S. refinery system is saturated. If the U.S. does not approve greater flexibility on exports, Petrie said refiners will be incentivized to put a bigger discount on WTI.
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