Political Quotes

“I rise today to make the case for lifting the 40-year-old ban on exporting crude oil. Lifting the ban is a smart move and it is long overdue. It will benefit not only my home State of North Dakota but also our Nation and our allies. That is why I am proposing to include legislation lifting the ban in the new highway bill that Congress is on track to pass this month. The highway bill is must-pass legislation, and the benefits of allowing crude oil exports are multiple. Taken together, they make a powerful case for allowing our producers to market their product on the world markets. Doing so would enhance domestic production, increase the global supply of crude oil, grow our economy, create good-paying jobs for our people, and make our Nation more secure. So let's look at these benefits one by one. First and foremost, crude oil exports will benefit American consumers. The price of oil is based on supply and demand--the more oil on the market, the lower the price. The volatility and the global price of crude oil are felt right down to the consumer level. More global supply means lower prices for gasoline and other fuels and more money in consumers' pockets. Those facts are backed up by studies at both the U.S. Energy Information Administration and the nonpartisan Brookings Institution.…”