Apparently, not every company is on board with the U.S. lifting the ban on crude oil exports. In a recent statement, Valero (VLO -0.03%) said it supports the U.S.'s current position of severely restricting the export of crude oil. If you look at what Valero has to gain from it, though, you wouldn't be surprised. The company has plans to export over 400,000 barrels per day of petroleum products, and restricting crude oil exports will keep prices low for Valero's feedstocks.
Tune into the video below to find out why Phillips 66 (PSX 0.22%) and Marathon Petroleum (MPC -0.73%) could make out like bandits, as well as what companies would suffer if the current rules hold.
