WHAT THEY’RE SAYING: Time To #LiftTheBan on Crude Oil Exports

WHAT THEY’RE SAYING: Time To #LiftTheBan on Crude Oil Exports

The following press release was published by the House Committee on Energy and Commerce on Oct. 9, 2015. It is reproduced in full below.

WASHINGTON, DC - Today, the U.S. House of Representatives will look to say #Yes2Energy and vote to lift the nearly 40-year-old ban on crude oil exports. H.R. 702, sponsored by Rep. Joe Barton (R-TX), would #LiftTheBan on crude oil exports, lower prices at the pump, create jobs, and make America more energy independent and energy secure. Support has poured in from numerous organizations ahead of the vote and it’s time we make the current ban on crude oil a thing of the past.

American Energy Alliance

“Repealing this antiquated government mandate will spur economic growth, create hundreds of thousands of jobs, and allow Americans to benefit from affordable and reliable energy."

American Pipeline Contractors Association

“This energy-driven American jobs and growth bonanza is at grave risk today. In the past year hundreds of thousands of supply chain workers have lost their jobs, in communities largely outside of oil producing areas. This is in large part because export markets are closed to U.S. producers. Enabling free trade in U.S. crude oil will turn this situation around, putting these skilled Americans back to work."

America’s Natural Gas Alliance

“Lifting the ban on U.S. oil exports will offer our global allies and trading partners an alternative source of energy, shrink global dependence on oil sourced from hostile regimes, and put America on level footing with all other producing nations."

American Petroleum Institute

“Enactment of this important bipartisan legislation will benefit American consumers, create jobs right here at home, grow the economy, reduce our trade deficit, and bolster our strategic alliances abroad."

The INGAA Foundation

“Opening global markets to U.S. producers will support added domestic production that will create hundreds of thousands of new jobs and contribute tens of billions of GDP dollars in the supply chain within the next few years. At the same time, we will put downward pressure on domestic fuel prices, while we provide our allies and trading partners with an alternative to sourcing energy from unfriendly and unstable sources."

National Association of Manufacturers

“H.R. 702 would repeal the ban on crude oil exports, place the U.S. into compliance with its international commitments and send a strong message to the global community that we intend to honor the basic rules of the global economy."

National Taxpayers Union

“Study after study has demonstrated that repealing the crude oil export ban would be an enormous economic boon to taxpayers by adding hundreds of thousands of new jobs to the economy, increasing GDP by billions, and enhancing household income."

U.S. Chamber of Commerce

“The United States is now the largest petroleum and natural gas producer in the world. In light of the U.S. energy boom, maintaining our self-imposed restraint hinders the U.S. economy from realizing the benefits that could come from being a key energy supplier to the world. …We urge the U.S. House of Representatives to approve H.R. 702."

U.S. Maritime

“H.R. 702 removes restrictions on the export of crude oil in order to provide economic and security benefits for our country and its allies."

Source: House Committee on Energy and Commerce