On the recordApril 29, 2015
I want to thank my good friend from Alaska for giving me an opportunity to talk about this policy of sanctions that is wrong, wrong, wrong on so many levels. When we first looked at it, we need to understand that the embargo, or the limitation on the exportation of crude oil in this country, is a policy decision made by the President--initially, President Nixon--in response to a number of producers going around oil price support controls. So this is a 1970's policy. Unfortunately, when we transitioned away from price supports for crude oil, we never removed this embargo, we never removed this restriction. That was a mistake at that time. It continues to be a colossal mistake for our growth towards energy independence in this country and our ability to use our energy and our oil for soft power and to actually provide a consistent and ready supply of crude oil to our allies so they are not beholden, not only to Iran, but to countries such as Russia. So it is critically important that we examine some of the concerns that people have about lifting the embargo. Obviously, in North Dakota, we do not see any logic, because we are kind of a commonsense State. We do not see any logic behind not allowing crude oil to be exported but allowing every refined product that we could produce in this country access to a foreign market. That makes absolutely no sense.…
Source
govinfo.gov




