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Bridenstine Encourages Bill to End US Crude Oil Export Ban

OK Energy Today

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Washington, May 1, 2015 | comments

Oklahoma congressman Jim Bridenstine couldn’t be on hand for a Capitol Hill news conference this week where U.S. House members announced bi-partisan support for a move to lift the ban on U.S. crude oil exports. But he still offered his support.

 

“Exporting U.S. crude will increase world supply and drive down international crude oil prices. The result will be lower gasoline prices at the pump in the U.S.,” said the Representative from Tulsa. Bridenstine had planned to be a part of the news conference but had to cancel at the last minute because of other congressional business. But he issued a statement in support of HR 702, which is legislation to lift the U.S. crude oil export ban.

 

“Exporting U.S. crude oil will be good for the Oklahoma economy and for the American economy,” added Rep. Bridenstine. “The result will be hundreds of thousands of jobs and billions of dollars in added GDP.”

 

He said U.S. crude oil exports will also counter Russian aggression and Vladimir Putin, who uses energy as a weapon by cutting off petroleum supplies in the dead of winter.

 

“U.S.crude oil exports will enhance America’s national security, promote economic growth, and result in lower prices at the gasoline pump,” said Bridenstine. “We must lift the ban on exports.”

 

It was announced late in the week that Representative Henry Cuellar of Texas becamse the first Democrat to sign on to the bill originally filed in February by Representative Joe Barton, a Republican from Texas. Bridenstine was one of the cosponsors of the measure. Cuellar’s district includes the oilfields of Eagle Ford.

 

“If we are able to lift the crude oil ban this is going to open up new markets where Texas businesses can create more jobs at home,” said Cuellar at the news conference missed by Bridenstine. “I’ve seen communities, especially the rural communities change, I’ve seen jobs, economic development.”

 

It was also announced that the bill picked up its first support from Republican leadership in the House and it came from Representative Steve Scalise, the House majority whip. That’s the chamber’s third most senior position. The bill now has 23 co-sponsors. It had eleven when Rep. Barton first filed it.

Original article on OKEnergyToday.com

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Tags: Energy