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Category: CrudeExportBan

Oil export boosters have votes to prevail on Capitol Hill, industry leader boasts

June 25, 2015 Posted by Chris Wysong

API President Jack Gerard believes there is enough support in Congress to repeal the crude oil export ban. Oil export boosters have votes to prevail on Capitol Hill, industry leader boasts By: Jennifer A. Dlouhy (mySA) WASHINGTON There is enough support in the House and Senate to overturn the nations longstanding ban on crude exports, a top oil industry leader predicted Tuesday. There is a growing consensus this is a relic of the past, that it needs to be repealed, it needs to be changed, said American Petroleum Institute President Jack Gerard. Right now, its just a question of finding the right vehicle and moving it forward. Lawmakers recently have eyed unrelated legislation including a recent Defense Department authorization bill as a possible avenue for lifting the oil export restrictions imposed in the wake of the 1973 OPEC oil embargo. Although votes were abandoned as part of the defense bill, export advocates say they are looking for other opportunities to advance the change. I

Posted in Policy, CrudeExportBan
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