WASHINGTON — U.S. Sen. Jim Inhofe (R-Okla.) praised action today taken by the U.S. House of Representatives to approve legislation that would lift the current ban on U.S. crude oil exports. The legislation passed by a vote of 261 to 159.
“I applaud the House’s action to lift the ban on exporting our nation’s abundant supply of crude oil,” said Inhofe. “This policy was first put into place to address reasonable concerns of a global oil shortage, but four decades later, our nation is in the midst of a shale revolution. The crude oil export ban is now proactively working against our nation’s interests economically at home and strategically in aiding our allies overseas. We are now one step closer to overturning this outdated ban, and I will continue to work with my colleagues in the Senate to make this a reality.”
On May 13, Inhofe joined a bipartisan group of Senators in introducing the Energy Supply and Distribution Act (S.1312), the Senate companion legislation to end the ban on crude oil exports.