Political Quotes

“I rise again to raise the case for lifting the 40-year-old ban on exporting crude oil. Lifting the ban will not only benefit my home State of North Dakota, but it will also benefit our Nation and our allies in a host of different ways, and that is why I worked hard to include legislation to repeal the ban in the year-end legislation that Congress now has under consideration. Importantly, this is must-pass legislation, meaning it will be very hard for the President to veto lifting the ban on exporting crude oil. When taken together, the reasons for lifting the oil export ban are very powerful. Doing so will encourage more domestic production, increase the global supply of crude oil, thereby reducing the cost at the pump for our consumers, particularly over the long term, and it will grow our economy and create good-paying jobs for our citizens. The last reason for lifting the ban is vitally important as well, particularly now as we work on making sure our Nation is secure. National security through energy security helps to keep our people safer. I will take a few minutes and go through those benefits one by one. Let's start with the American consumer. The price of oil is based on supply and demand. The more oil on the market, the lower the price. It is a matter of simple economics--supply and demand. The volatility and global price of crude oil is felt right down to the consumer level.…”