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Ted Cruz causes headaches for Republican senators with repeal of oil export ban
Examiner ^ | January 18, 2015

Posted on 01/18/2015 9:22:47 AM PST by SoConPubbie

Sen. Ted Cruz, R-Texas, is apparently causing headaches for his fellow Republican senators once again by pushing what many consider a sensible policy at what some call an inopportune time, according to a Sunday story in the Washington Examiner. Instead of repealing Obamacare or curtailing immigration, Cruz is proposing an amendment to the Keystone XL Pipeline authorization bill that would lift the 39-year ban on crude oil exports. The question, which many Republican senators have, is this the right time and is Keystone XL the right vehicle?

As has previously been the case, Cruz has the facts on his side. The Wall Street Journal points out that lifting the ban would likely increase the supply of crude on the world market, thus lowering its price. American refiners do not have enough capacity to process light, sweet crude. Opening up world markets to American oil would provide an incentive for American producers to drill.

However, a widespread public perception exists that allowing oil into the world markets would drive up the cost of petroleum products in the United States. That fact is causing Republican senators to get anxious about ending the ban. Indeed polling data exists that suggest that the public overwhelmingly oppose lifting the ban.

“Sixty-nine percent of Americans ‘somewhat’ or ‘strongly’ oppose sending more oil and natural gas abroad, according to a poll of 1,101 likely voters in the 2016 elections released Thursday by left-leaning think tank Center for American Progress. On top of that, 71 percent of respondents — including 69 percent of Republicans — thought ending the oil export ban ‘would only increase gas prices here at home while making oil companies richer.’”

(Excerpt) Read more at examiner.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; Politics/Elections; US: Texas
KEYWORDS: 114th; 2016election; cruz; election2016; energy; keystonexl; oil; pipeline; tedcruz; texas
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To: SoConPubbie
Remove oil regulations and the Oil companies would have an easier time showing a profit
with low crude pricing. Just a thought.
21 posted on 01/18/2015 10:33:13 AM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Instead of repealing Obamacare or curtailing immigration, Cruz is proposing an amendment to the Keystone XL Pipeline authorization bill that would lift the 39-year ban on crude oil exports.

22 posted on 01/18/2015 10:41:30 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SoConPubbie

“The question, which many Republican senators have, is this the right time and is Keystone XL the right vehicle?”

The rinos probably believe it better to wait until it’s proposed by the obama administration or at least democrat leadership.


23 posted on 01/18/2015 10:46:21 AM PST by duffee (Dump the Chairman of the Mississippi Republican Party, joe nosIf ef.)
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To: SunkenCiv; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne
Instead of repealing Obamacare or curtailing immigration, Cruz is proposing an amendment to the Keystone XL Pipeline authorization bill that would lift the 39-year ban on crude oil exports.
Deceptive Statement Alert!

Now just who has it been advocating, both by his statements and actions, for the repeal of ObamaCare, up to and including, pushing for defunding Obamacare????

Well, that would be the one and only Ted Cruz!
24 posted on 01/18/2015 10:48:50 AM PST by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: SoConPubbie

Heaven forbid the Government does something to lower the Trade Deficit. /s


25 posted on 01/18/2015 10:52:27 AM PST by Kickass Conservative (If you think the Mulatto Marxist is bad, just wait until the Menopausal Marxist shows up.)
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To: SoConPubbie

Hey, you posted it. :’)


26 posted on 01/18/2015 10:55:18 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SoConPubbie

Using the logic of the Polling Numbers, I guess exporting ANYTHING from the United States would raise pieces here.

That would include Meat, Electronics, Automobiles and Fruit and Vegetables to name a few.

But hey, you can’t fix Stupid. Obama proves that every day.


27 posted on 01/18/2015 10:55:44 AM PST by Kickass Conservative (If you think the Mulatto Marxist is bad, just wait until the Menopausal Marxist shows up.)
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To: Kickass Conservative

PRICES!


28 posted on 01/18/2015 10:57:08 AM PST by Kickass Conservative (If you think the Mulatto Marxist is bad, just wait until the Menopausal Marxist shows up.)
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To: SoConPubbie

Oil is a global commodity. The more that is pumped into it globally, the closer you get to true discovery of its market value.


29 posted on 01/18/2015 11:02:46 AM PST by Sirius Lee (All that is required for evil to advance is for government to do "something")
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To: Beagle8U

Almost impossible thanks for fedgov regulations.


30 posted on 01/18/2015 11:03:08 AM PST by piytar (If you don't know what taqiyya and the doctrine of abrogation are, you are a fool!)
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To: smokingfrog

“It makes no sense not to be able to export.”

Whether or not it makes sense really has no bearing on the issue, we are talking about government.


31 posted on 01/18/2015 11:06:01 AM PST by duffee (Dump the Chairman of the Mississippi Republican Party, joe nosIf ef.)
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To: SunkenCiv
Hey, you posted it. :’)

Yes, you are right. But you posted a deceptive comment without any context. Shame on you!

It is a time-honored FreeRepublic tradition to post both the good and bad about someone, but it would be nice to provide some context, if you can.
32 posted on 01/18/2015 11:07:30 AM PST by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Redbob
Yes, in all those new, modern, state-of-the-art refineries we've built in the last decade...

US major refineries are in nearly constant improvements and upgrades. In many, the only thing as old as the original build is the main road base and the plaque near the gate.

33 posted on 01/18/2015 11:15:16 AM PST by thackney (life is fragile, handle with prayer)
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To: Beagle8U
Build more refineries!?

We already refine more than we use and export the surplus.

The US has spent billions upgrading refineries to process the cheaper heavy sour oil. Why is importing the cheap stuff and exporting the expensive stuff a bad idea?

34 posted on 01/18/2015 11:16:39 AM PST by thackney (life is fragile, handle with prayer)
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To: GeronL
The US does export some Alaskan oil

From 1996 to 2000, about ~5.5% of the oil produced in Alaska was exported during the West Coast oil glut. Since then nearly no Alaskan oil exports.

35 posted on 01/18/2015 11:19:04 AM PST by thackney (life is fragile, handle with prayer)
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To: Carthego delenda est
The government won't allow more refineries and even if they did their regulations would make it unprofitable.

There is a brand new refinery sitting idle in California for more than 40 years because the enviros won't let it be used.

You idiots don't realize that the purpose of this government is to make the population immobile so that they can be totally controlled!

36 posted on 01/18/2015 11:37:06 AM PST by dalereed
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To: dalereed
There is a brand new refinery sitting idle in California for more than 40 years because the enviros won't let it be used.

Would you provide more info on that please?

37 posted on 01/18/2015 11:47:32 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney
On the coast near Camarillo, built by Occidental Petroleum.
38 posted on 01/18/2015 11:54:24 AM PST by dalereed
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To: thackney

If we refine more than we use, and now want to export crude, why are we importing any crude from the middle east?

That doesn’t make sense.


39 posted on 01/18/2015 1:08:23 PM PST by Beagle8U (NOTICE : Unattended children will be given Coffee and a Free Puppy.)
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To: Beagle8U

We import about 7 million barrels a day of crude oil for our refineries, in addition to the crude we produce ourselves.

But all crude is not the same. The industry has spent many billions of dollars upgrading the domestic refineries to use the heavy sour crude. It is the cheapest per barrel while containing more BTUs per barrel. Canadian oil sands for example.

Most of our increased crude oil production comes from light sweet. It makes sense to keep importing the cheap stuff that efficiently runs in our refineries while exporting the expensive light sweet.


40 posted on 01/18/2015 3:01:31 PM PST by thackney (life is fragile, handle with prayer)
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