House panel votes to lift 40-year-old US ban on oil exports

[ABFwife]

I will admit right here to the world that I didn't even know we had a ban on exports. I was never a person who followed politics at all until my husband became a teamster. This really doesn't make sense to me. We are always importing oil so why and how could we export it? Another words, if we have enough to export, why are we importing at all??? One thing I know is I have always known just enough about the oil industry to not trust it at all.

Lawmakers who support the bill say an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete.

"Numerous studies, including those from the Congressional Budget Office, Government Accountability Office and Energy Information Administration, all conclude that (allowing) oil exports would be a net jobs creator," said Fred Upton, R-Mich., chairman of the energy panel.

Lifting the export ban would also boost energy production and lower prices at the gasoline pump by increasing the overall crude supply, Upton said.

Opponents said lifting the ban would benefit big oil companies at the expense of U.S. consumers and even national security. The United States still imports about 25 percent of oil used by businesses and consumers, a figure that could rise if some U.S. oil is diverted to international markets, said Rep. Anna Eshoo, D-Calif.

TheTrucker.com - America's Trucking Newspaper

[bean]

TheTrucker.com - America's Trucking Newspaper

The White House opposes the bill, arguing that a decision on whether to end the ban should be made by the Commerce Department, not Congress.

It's been said that there is such a glut of crude that it is ridiculous and it may stay that way for some long time. Storage capacity from shale drilling is a huge success for US technology. So it makes sense to sell and make even more money on production. If Obama had his way he would prohibit fossil fuel like he destroyed the coal industry just to keep his green energy donors happy

[222lifer]

TheTrucker.com - America's Trucking Newspaper


It's been said that there is such a glut of crude that it is ridiculous and it may stay that way for some long time. Storage capacity from shale drilling is a huge success for US technology. So it makes sense to sell and make even more money on production. If Obama had his way he would prohibit fossil fuel like he destroyed the coal industry just to keep his green energy donors happy

Obama has issued more drilling permits during his term than "the shrub" did in his. Sensible drillng is not a problem. Destroying our coastline is. What short memories we have.

Obama destroyed the coal industry? More like, the coal industry cut their own throats! Failure to upgrade existing technology is at the forefront. I do believe more folks would like to breathe clean air rather than cut a hunk off and chew it. As for extraction, strip mining is an eyesore. There are better ways.

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[bean]

Obama has issued more drilling permits during his term than "the shrub" did in his. Sensible drillng is not a problem. Destroying our coastline is. What short memories we have.

Obama destroyed the coal industry? More like, the coal industry cut their own throats! Failure to upgrade existing technology is at the forefront. I do believe more folks would like to breathe clean air rather than cut a hunk off and chew it. As for extraction, strip mining is an eyesore. There are better ways.

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the EPA should be dismantled for destroying jobs. They are useless

[222lifer]

the EPA should be dismantled for destroying jobs. They are useless

I would say those that destroyed jobs would be the corporations that could care less about anyone or anything other than profits. Without the EPA and OSHA, I shudder to think what we might be subjected to like we were in the past.


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[ABFwife]

I would say those that destroyed jobs would be the corporations that could care less about anyone or anything other than profits. Without the EPA and OSHA, I shudder to think what we might be subjected to like we were in the past.


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That is the conclusion I came to a long time ago.

[bean]

I would say those that destroyed jobs would be the corporations that could care less about anyone or anything other than profits. Without the EPA and OSHA, I shudder to think what we might be subjected to like we were in the past.


Sent from my SGH-T399 using Tapatalk

That is the conclusion I came to a long time ago.

the 'Occupy Wall Street' crowd speaks!!

[222lifer]

the 'Occupy Wall Street' crowd speaks!!

More like Unionists that live in areas that have benefited from EPA and OSHA regulations. People over profits.

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[fxstc07]

the 'Occupy Wall Street' crowd speaks!!

And the "dung of the devil" crowd has weighed in.

[bean]

More like Unionists that live in areas that have benefited from EPA and OSHA regulations. People over profits.

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And the "dung of the devil" crowd has weighed in.

Given our pro-union president was against the plan to lift the ban on oil exports for political reasons and not for the good of the country as he was against the Keystone Pipeline project that would have created thousands of teamsters jobs that would have been good for country. Let me ask you top of the line teamsters a question: If you were president of the country would let the scoundrels of the EPA shut down the coal industry at the cost of tens of thousands of jobs in several states not to mention the price of electricity would explode?