Texas Insider Report: WASHINGTON, D.C. – Today, the House Energy and Commerce Committee approved H.R. 702, a bill to lift the ban on crude oil exports. U.S. Representative Bill Flores (R-Texas) issued the following statement regarding its passage out of committee:
“The decades-old ban on crude oil exports was put in place during an era of scarcity. The American energy revolution has dramatically improved our energy security. The United States is now the number one producer of oil and gas in the world.
“By lifting the ban on crude oil exports we are modernizing our energy policies to reflect this new era of abundance. Increased energy trade improves our geopolitical standing and helps our allies across the world stand up to Russian and Iranian aggression. The benefits of opening up the crude export market are clear. Lifting the ban brings lower energy prices, job creation and greater economic security for hardworking American families. I look forward to voting in support of this important bipartisan legislation on the House floor in the coming weeks.”
Congressman Bill Flores represents the 17th District of Texas and is an entrepreneur, former energy executive, Certified Public Accountant (CPA), Chairman of the Republican Study Committee (RSC) and member of the House Energy and Commerce Committee.
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Source: Texas Politics
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