PACE Applauds Bipartisan Passage of Bill that Lifts Crude Oil Export Ban

Washington, D.C. – Today the House of Representatives passed H.R. 8, the North American Energy Security & Infrastructure Act, which included an amendment to lift the ban on U.S. crude oil exports. The crude oil exports amendment, offered by Rep. Joe Barton (R-TX), was approved by a bipartisan vote of 255 -168.

“Once again, the U.S. House of Representatives has made their voice heard and for the second time this year has voted in a strong, bipartisan fashion to remove outdated restrictions on U.S. crude oil exports,” said George Baker, executive director of Producers for American Crude Oil Exports (PACE). “There continues to be bipartisan support for lifting the ban as policymakers from across the political spectrum recognize the significant economic, employment and national security benefits this change in policy will have on our economy. As more and more American oil and natural gas jobs are lost and as Iran prepares to re-enter the world market, it’s crucial that immediate action be taken to lift the ban in order to level the playing field for U.S. companies and workers.

“Momentum is building to lift the ban and today’s vote is further evidence that lawmakers continue to view crude oil exports as a top priority. We applaud Rep. Barton for his continued leadership on this issue and remain optimistic that by the end of the year we’ll see the end of this forty-year old policy.”

# # #


Tagged as: , , ,