API urged the administration to reconsider its position, as outlined by a White House spokesman today, that Congress should leave crude oil export decisions to the Commerce Department.
Comments from API
“The administration has an opportunity to demonstrate leadership by opening the door to US exports, creating new jobs, helping American families, and strengthening America’s position as an energy superpower,” said API President and CEO, Jack Gerard.
“Lawmakers are right to ask why US producers shouldn’t have the same access to global markets that the administration would give Iran. Failing to lift the 1970s era ban on crude oil exports could throw away a major opportunity to build US energy security and generate significant savings for consumers, according to numerous major economic analysis – including the administration’s own report by the US Energy Information Administration. Exports also strengthen the security of our allies by providing an alternative to imports from hostile nations. Fortunately, bipartisan support in the House and Senate continue to grow, and we’re optimistic that legislators will continue to make this issue a top priority in the days ahead.”
Edited from various sources by Stephanie Roker