Political Quotes

“Let's look at the facts. I support this rule and I support the underlying legislation, H.R. 702, which would lift the ban on oil exports for this country. The United States is the only oil-producing country that has a self- imposed ban, and it makes no sense. It doesn't fit within our own views of open trade, open energy markets. Why did this come about? It came about because in the 1970s we moved into an age of scarcity with regard to energy. Our producers could not keep up with demand. American innovation, American technology, has solved that. Now we have moved into an era of abundance. This is a time where we can actually change the entire landscape of energy security not only for the United States, but also for our allies, and reap major economic benefit by lifting the ban. When we came out of the recession, energy jobs helped lift us out of that recession. The shale revolution was a major factor. What we are seeing now with slack demand and the abundance and a lot of oil sitting that is not being used in refineries has caused slacking in prices and job loss. We can reverse that by lifting the ban and giving American producers access to the market, just like everybody else that produces oil. Why should the Iranians be able to sell oil on the open market and we have a self-imposed ban on American energy producers? It makes no sense at all.…”