Democrats Push for Ban on US Oil Exports

By Admin
As prices soar, U.S. Congressional Democrats are pushing for a ban on exports of American oil to halt the export of any oil that is produced from or t...

 

As prices soar, U.S. Congressional Democrats are pushing for a ban on exports of American oil to halt the export of any oil that is produced from or transported across US lands.

“This is American oil and it should benefit American consumers, not just Big Oil’s bottom line,” Edward Markey, a Massachusetts Democratic, said during a House Natural Resources Committee hearing in Washington today. “The oil companies and their Republican allies in Congress talk about drilling for more American energy, but their plan is really about more American energy exports.”

SEE OTHER TOP STORIES IN THE ENERGY DIGITAL CONTENT NETWORK

Enbridge Pipeline Expansion

Obama Pushes Agencies on Keystone XL Pipeline

Check out March's Issue of Energy Digital!

A similar effort was made by Senator Ron Wyden (D) of Oregon, who tried to ban the export of refined products derived from crude carried by TransCanada's Keystone XL pipeline. Meanwhile, Republicans have urged President Obama to explore off the coasts of Virginia and Florida, and build the pipeline from Canada to oil refineries in Texas.

“The Keystone pipeline would set up the United States as a conduit to send Canadian oil to a foreign trade zone,” Markey said.

U.S. Senator Jon Tester (D) has also introduced legislation to bar the export of crude or refined oil carried from the Keystone pipeline in an effort to increase energy security. TransCanada has suggested that the decision to export oil from those refineries and producers would be up to pipeline customers.

 

DOWNLOAD THE ENERGY DIGITAL IPAD APP

 

 

Share

Featured Articles

Q&A: ENGIE Impact’s Exec MD for EMEA & APAC Mark Chadwick

Companies must look forward and devise strategies to decarbonise their operations. ENGIE Impact’s 2024 Net Zero report shares their ambitions vs. actions

Mercedes F1 Team first in motorsport to sign Climate Pledge

Mercedes-AMG PETRONAS F1 have become the first motorsport team to sign The Climate Pledge, committing to reach Net Zero carbon emissions by 2040

Onward: Shell Launches Trailblazing Global Climate Tech

Powered by Shell, Onward’s new advisory board includes executives from major global companies including Nike and XPRIZE to accelerate the energy transition

Bechtel & Westinghouse Unite for European Nuclear Power

Renewable Energy

Swedish Power Company Vattenfall Celebrates 115 years

Utilities

Amazon to use Half of Offshore Wind Farm’s Renewable Energy

Renewable Energy