Coalition letter to Congress supporting lifting of ban on crude oil exports (March 2, 2015)As representatives of America’s oil producers, the undersigned applaud your focus and attention to issues of free trade, namely lifting the decades old ban on crude oil exports. We are no longer a Nation in energy decline. To the contrary, we now live in an age of energy abundance, our national energy policy must reflect that new reality, and we must have the political boldness to accept the economic, energy and national security opportunities of being a world energy superpower.
Unimaginable at the start of this century, we now have growing surpluses of domestic crude oil that exceed the domestic market’s interest or ability to purchase it. Faced with the prospect of not being able to find domestic buyers, US producers must confront the decision of not expanding production, shutting down rigs and laying off employees, which threatens the continued economic and employment benefits to the Nation that have accompanied this transition toward increased energy sufficiency. The solution is to allow us to sell the excess production above what our domestic market can absorb to customers abroad.
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