On the recordJune 4, 2015
Mr. President, when we talk about national security issues and the vulnerabilities we have as a nation, I can think of no other area where we face such challenges and yet such opportunities when it comes to our energy assets and how we can utilize our energy policies at their intersection points with our national security policies. The inability of the United States to export oil is a vulnerability to our nation. At a time when we have risen to be the world's top producer of oil, our outdated 1970s-era ban on oil exports is causing us to miss out on a significant economic- and security-related benefits. The good news is we can change this. It is within our power to change this, and that is why I have come to the floor this afternoon. Here is a fact: The United States is the only advanced Nation that prohibits crude oil exports. We are the only one. Countries such as Australia, Denmark, Norway, the United Kingdom, Canada, and even New Zealand all allow for both imports and exports, just like the normal trade in any other commodity. It is distinctly weird that we would prohibit our own exports. We are also in a position where our friends and our trading partners are openly asking us for assistance. They are coming to us and saying: Hey, can you help? We are your friends. We are your allies. You have the resources. The world has changed dramatically. We have new alliances. We have new threats. We have new hopes. We have new fears.…
Source
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