Obama lifts export ban of crude
Published by Stephanie Roker,
Editor
World dzԹ,
API President and CEO Jack Gerard said the presidentdzԹs decision to end the dzԹ70s era crude export ban will benefit consumers and enhance our energy security.
dzԹThis is the start of a new era for US energy,dzԹ said Gerard. dzԹEnding the decades-old ban on crude exports is a huge win for consumers, jobs, the economy and our energy security. We are bolstering AmericadzԹs status as an energy superpower. US producers will now be able to compete in the global oil market and consumers will reap the benefits. Studies show lifting the ban would lower gas prices by up to 12 cents per gal.
dzԹOur allies are also cheering. Instead of being dependent on oil from unfriendly nations, theydzԹll now be able to buy stable, reliable American-made energy.dzԹ
API applauded the efforts of all those who supported passage of this legislation.
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