API to lawmakers: Lift outdated U.S. oil exports ban!

American Petroleum Institute (API) has urged lawmakers to quickly chart a bipartisan path forward during today’s House hearing on legislation to lift America’s outdated ban on crude oil exports.

“Crude exports could generate immediate and long-lasting benefits for U.S. workers, for U.S. consumers and families, and for our allies abroad,” said API Executive Vice President Louis Finkel. “Bipartisan momentum is stronger than ever, and lawmakers should seize this opportunity to cement America’s role as a global energy superpower.”

“Study after study has shown that exports will incentivize higher domestic production, create more U.S. jobs, put downward pressure on gasoline prices, and reduce the power that foreign suppliers have over our allies. Last month, a report from Harvard Business School confirmed that the ban is ‘reducing U.S. growth, with no clear offsetting benefits for America or Americans.”

“We applaud the bipartisan efforts of leaders in Congress who are ready to send a signal of strength to our allies abroad, and we urge House and Senate leaders to make this a top priority.”

API is the national trade association representing the oil and natural gas industry, which according to API, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.

API claims it has more than 625 members, including large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms.

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply