Ahead of this week’s full committee vote to say #Yes2Energy, the Obama administration today signaled opposition to H.R. 702, bipartisan legislation authored by Chairman Emeritus Joe Barton (R-TX) that would lift the nearly 40-year-old ban on crude oil. The Washington Free Beacon reports, “In the wake of a diplomatic agreement that will dramatically expand Iranian access to global oil markets, the White House on Tuesday said that it opposes legislation to give American oil companies that same access."
Energy and Commerce Committee Chairman Fred Upton (R-MI) stated, “I am disappointed the White House would voice opposition to lifting the crude oil ban when a good number of prominent studies have indicated that the price at the American pump would actually go down by lifting the ban. Many are asking why the Iranians are now allowed to export crude and only the Americans are denied."
Sept. 15, 2015
After Opening World Markets to Iranian Oil, WH Backs U.S. Export Ban
In the wake of a diplomatic agreement that will dramatically expand Iranian access to global oil markets, the White House on Tuesday said that it opposes legislation to give American oil companies that same access.
White House press secretary Josh Earnest told reporters on Tuesday that the White House opposes House legislation that would lift the 40-year ban on U.S. oil exports. …
Under a recently codified nuclear agreement, Iranian oil exports are expected to increase by as much as a million barrels per day, according to the U.S. Energy Information Administration.
