As oil prices decline today due to a strong dollar making the U.S. oil products more expensive, lawmakers are urging the President to lift the current ban on crude oil exports.
Support is quickly growing in the House for lifting the oil export ban… or at least an amendment that would allow come exports in the interest of national economic and political security.
In fact, the Senate is nearly ready to vote on a measure to urge President Obama to allow oil sales to countries like Poland, India, and Japan.
Leading the fight for lifting our export ban is Alaskan Senator Lisa Murkowski, who proposed the measure.
Global demand is estimated to increase to 94 million barrels per day this year according to the International Energy Agency. And the U.S. needs to get in on that demand so we can start supplying again.
To continue reading…
Click here to read the article from U.S. News and World Report.
