API vs the White House

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

Published on 16/09/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

Iran projects crude oil price at US$42-50 per bbl

Iran has forecasted average oil prices at US$42 to US$50 per bbl for the year to March 2017, according to Reuters.

EIA: Crude swaps with Mexico could be economically and environmentally beneficial

US-Mexico crude oil swaps will likely involve exchanges of US light sweet crude for Mexican heavy sour crude that is already being exported to the US.

API launches new ads promoting US crude oil exports

API has launched new adverts, which focuses on the broad economic and national security benefits of crude oil exports.

API voices concerns over EPA’s proposal to tighten ozone standards

API is concerned that the Obama administration is rushing potentially the most expensive regulation in history through a shortened review process.

Recommend magazines

  World Pipelines