But American Petroleum Institute CEO Mike Sommers told CNN that the powerful oil-and-gas trade group is “absolutely” taking the risk of an export ban seriously, including by leaning on moderate Democrats to talk White House officials out of the idea.
“We’re marshalling all of our forces. We’re doing everything we can,” Sommers said during an interview in his Washington office.
Sommers warned that not only would an export ban backfire on US drivers by jacking up prices at the pump, it would help foreign producers by boosting their revenue and market share.
“It would be a gift to OPEC and…
