Put simply, if Iran can export crude oil, there’s no reason why U.S. workers should not have the same opportunities to compete. Lifting the oil export ban would not only create and protect American jobs, but would strengthen our national security by giving U.S. allies and trading partners a safe, reliable supply of oil to help meet their energy needs.
Once the sanctions are removed, Iran is expected to increase output by 600,000 barrels of oil per day (bpd). According to the Energy Information Administration, when additional Iranian barrels hit the global market, U.S. oil production will drop by 400,000 bpd. Experts agree it’s time to level the playing field for U.S. companies, protect and create American jobs and give our allies a choice. It’s time to lift the ban on crude oil exports.
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