U.S. House of Representatives Votes to Lift Ban on Crude Oil Exports
October 14, 2015
FOR IMMEDIATE RELEASE:
October 9, 2015
(MIDLAND, TEXAS) Today, the U.S. House of Representatives passed H.R. 702 to adapt to changing crude oil market conditions, which repeals the outdated 1970’s-era ban on the export of crude oil produced in the United States.
The bipartisan bill, sponsored by Representative Joe Barton (R-TX), has 137 co-sponsors and comes after almost a year of hearings, deliberations, and reports from across the political and economic spectrum – all making the case that exporting crude oil will significantly boost the economy, create hundreds of thousands of new jobs, and empower our allies around the world.
In response to the passage of this historic legislation, PBPA President Ben Shepperd said the following:
“Amidst all the wrangling and partisanship in Washington recently, I am pleased to see Republicans and Democrats working together to end the ban on crude oil exports. We are grateful to Rep. Barton and Chairman Conaway, among others, for their tireless work to bring this bill to the floor. Hopefully the bipartisan nature of this effort will encourage the Administration to stop politicizing this issue and join the fight for American jobs.”