Ohio votes to remove crude oil ban

The American Petroleum Institute’s (API) Ohio Division welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing US producers to access global markets is expected to add up to 15 948 jobs and US$2.68 billion to the Ohio economy by 2020, according to a report by ICF International.

“Today’s resolution sends a strong message of support to the bipartisan coalition in Congress working to lift the ban and create US jobs,” said Chris Zeigler, Executive Director of API Ohio. “Removing this outdated policy will promote domestic production, creating jobs in Ohio and generating savings for consumers. America’s growth as an energy superpower will promote our security and the security of our allies overseas.”

Sponsored by Senator Troy Balderson (R-Zanesville), SCR 6 urges Congress to lift 1970s era restrictions on exports of crude oil from the US. The US House of Representatives is expected to vote on legislation to lift the ban this Friday.

“America is experiencing an energy revolution,” said Zeigler. “We are no longer debating American energy policy in terms of scarcity. Today we have the opportunity to harness the opportunities created by energy abundance, all thanks to proven technologies like horizontal drilling and hydraulic fracturing.”The American Petroleum Institute’s Ohio Division today welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing US producers to access global markets is expected to add up to 15 948 jobs and US$2.68 billion to the Ohio economy by 2020, according to a report by ICF International.

“Today’s resolution sends a strong message of support to the bipartisan coalition in Congress working to lift the ban and create US jobs,” said Chris Zeigler, Executive Director of API Ohio. “Removing this outdated policy will promote domestic production, creating jobs in Ohio and generating savings for consumers. America’s growth as an energy superpower will promote our security and the security of our allies overseas.”

Sponsored by Senator Troy Balderson (R-Zanesville), SCR 6 urges Congress to lift 1970s era restrictions on exports of crude oil from the US. The US House of Representatives is expected to vote on legislation to lift the ban this Friday.

“America is experiencing an energy revolution,” said Zeigler. “We are no longer debating American energy policy in terms of scarcity. Today we have the opportunity to harness the opportunities created by energy abundance, all thanks to proven technologies like horizontal drilling and hydraulic fracturing.”

Edited from source by Stephanie Roker

Published on 08/10/2015


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