Texans celebrate House passage of bill lifting crude oil export ban
WASHINGTON–The House of Representatives passed Friday afternoon a bill lifting the crude oil export ban by a bipartisan 261-159 vote.
House Majority Whip Steve Scalise, R-La. praised Barton for pushing ahead on an issue some considered a non-starter.
“About a year ago this time, nobody was talking about lifting the ban on crude oil exports except Joe Barton,” said Scalise. “Joe continued to beat the drum, but he also continued to build a wide bipartisan team to say this relic of the 1970′s has to go.”
Supporters claim lifting the ban will bolster the United States economy and let international allies dependent on Russian and Iranian oil switch over to American crude.
“The House’s vote today to overturn the crude oil export ban is a strong step toward a more prosperous U.S. energy sector,” said Cuellar in a statement. He expects crude oil exports to increase GDP by $134 billion and raise government revenues by $29 billion. (by Sylvan Lane, Dallas Morning News)
“The House’s vote today to overturn the crude oil export ban is a strong step toward a more prosperous U.S. energy sector,” said Cuellar in a statement. He expects crude oil exports to increase GDP by $134 billion and raise government revenues by $29 billion. (by Sylvan Lane, Dallas Morning News)