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Ohio votes to remove crude oil ban

 

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World dzԹ,

The American Petroleum InstitutedzԹs (API) Ohio Division welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing US producers to access global markets is expected to add up to 15 948 jobs and US$2.68 billion to the Ohio economy by 2020, according to a report by ICF International.

dzԹTodaydzԹs resolution sends a strong message of support to the bipartisan coalition in Congress working to lift the ban and create US jobs,dzԹ said Chris Zeigler, Executive Director of API Ohio. dzԹRemoving this outdated policy will promote domestic production, creating jobs in Ohio and generating savings for consumers. AmericadzԹs growth as an energy superpower will promote our security and the security of our allies overseas.dzԹ

Sponsored by Senator Troy Balderson (R-Zanesville), SCR 6 urges Congress to lift 1970s era restrictions on exports of crude oil from the US. The US House of Representatives is expected to vote on legislation to lift the ban this Friday.

dzԹAmerica is experiencing an energy revolution,dzԹ said Zeigler. dzԹWe are no longer debating American energy policy in terms of scarcity. Today we have the opportunity to harness the opportunities created by energy abundance, all thanks to proven technologies like horizontal drilling and hydraulic fracturing.dzԹThe American Petroleum InstitutedzԹs Ohio Division today welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing US producers to access global markets is expected to add up to 15 948 jobs and US$2.68 billion to the Ohio economy by 2020, according to a report by ICF International.

dzԹTodaydzԹs resolution sends a strong message of support to the bipartisan coalition in Congress working to lift the ban and create US jobs,dzԹ said Chris Zeigler, Executive Director of API Ohio. dzԹRemoving this outdated policy will promote domestic production, creating jobs in Ohio and generating savings for consumers. AmericadzԹs growth as an energy superpower will promote our security and the security of our allies overseas.dzԹ

Sponsored by Senator Troy Balderson (R-Zanesville), SCR 6 urges Congress to lift 1970s era restrictions on exports of crude oil from the US. The US House of Representatives is expected to vote on legislation to lift the ban this Friday.

dzԹAmerica is experiencing an energy revolution,dzԹ said Zeigler. dzԹWe are no longer debating American energy policy in terms of scarcity. Today we have the opportunity to harness the opportunities created by energy abundance, all thanks to proven technologies like horizontal drilling and hydraulic fracturing.dzԹ

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API crude update

API welcomes bipartisan Senate push on crude exports.

API vs the White House

API urges the White House to reconsider its position and support US crude oil exports.

EIA's report on crude

EIA reports on how the effect of removing crude export restrictions depends on price and resource assumptions.