Texans in Congress Again Target Oil Export Ban
https://www.texastribune.org/2015/08/27/higher-hopes-lifting-oil-export-ban/
A handful of Texas congressional delegation members say they have an antidote for the anxiety low oil prices have inflicted on the Texas economy: repeal a 40-year ban on exporting U.S. crude oil to the international market.
After returning to the U.S. Capitol this fall, they say they are determined to move the legislation to President Obama’s desk by Christmas.
But the nation’s capital is bracing for a frenetic fall. At best, Congress can expect an exhausting, four-month legislative slog through everything from Iran to abortion; at worst, the government could shut down. How such a charged atmosphere will affect the push for lifting the oil export ban is anyone’s guess.
As it stands, American companies may export refined petroleum products like gasoline or diesel fuel to the international market, but not crude oil. U.S. Rep. Joe Barton, R-Ennis, one of the members most invested in eliminating the ban, calls it the last vestige of energy policy from the 1970s oil shortage crisis.
“We’ve repealed every one of those except the ban on crude oil exports,” he said, saying he moved other pieces of legislation in 2005. “The only reason we didn’t repeal it then is nobody brought it up. I wish I’d repealed it back in 2005 because it would have sailed through.”
“It’s not perfect, but President Obama is right that it’s better than what we’d have if his conservative critics got their way—no deal, leaving the Islamic Republic on the brink of acquiring nuclear weapons.”
Like they will be anyway.
I don't read what idiots have to say.
Warren Buffet just purchased a LARGE amount of Phillips 66 stock. I expect the export ban to be lifted shortly.
A better plan would be to use our own oil, stop buying foreign oil and let them pound sand. I wouldn’t mind $3/gal gas if that were the case.