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Category: Oil Ban

Repeal Of Oil Export Ban Passes U.S. House

October 13, 2015 Posted by Chris Wysong

Last Friday the House passed a bill that would repeal the 1975 crude export ban; the bill now goes to the Senate. Jeff Reed from Oil Pro analyzes the factors that led to this vote while providing context around the original EPCA. Repeal Of Oil Export Ban Passes U.S. House By: Jeff Reed (Oil Pro) In a 261 to 159 vote, the U.S. House of Representatives voted early Friday afternoon to repeal the general ban on oil exports imposed in 1975 amid the Arab oil embargo. The bill will now go to the Senate, where its prospects are less certain. The Genesis Of Fridays Vote In early September, H.R. 702, sponsored by Rep. Joe Barton (R-Tex), was passed by the House Energy and Power subcommittee by a voice count. The following week, the legislation was taken up and passed by the full Energy and Commerce committee. This past summer, House Speaker John Boehner pledged his support for ending the ban, saying that he hoped repealing the prohibition would be a key piece of an energy legislation package

Posted in Oil, Oil Ban, Policy, Crude
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