On the recordDecember 16, 2015
Mr. Speaker, I rise today to talk a little bit about one component of the omnibus tax extender package that is dominating the legislative agenda as we wrap up this year. The one piece of the package that I want to talk about is the lifting of the crude oil export ban, which is an issue that has passed twice now in the House of Representatives--in fact, as a stand-alone bill. H.R. 702, the lifting of the crude oil export ban, passed with 62 percent of the vote. As is often the case, good bills that are passed by the House often languish in the Senate for a number of reasons. Perhaps one of the main reasons bills languish in the Senate is that their rules are as antiquated as is this export ban on crude oil. Mr. Speaker, I want to take some time to talk about this provision and why it is important that we lift the crude oil export ban. I want to talk a little bit about the history that led to the export ban in the first place, and I want to talk about a more optimistic future as we look at the oil renaissance--what it has created and what it can create. As I said, the export ban really is an antiquated law. It was put in place 42 years ago, which was a very different time in our country. It was different for a number of reasons, not the least of which being that the ban on exporting crude oil came at a time when our country did not enjoy energy abundance as we do today.…





