Posted June 23, 2015
Senator – President Knows Crude Export Ban is ‘Bad Economics’
Fuelfix.com – President Barack Obama “understands” the argument for exporting U.S. crude, a leading Democratic advocate said Monday.
“He understands,” Sen. Heidi Heitkamp, D-N.D., said on CNBC’s “Squawk Box.” “He is in that category of understanding. I think his State Department understands how significant this could be to soft power. I think his Energy Department understands that this is bad economics and bad for the resource.”
Heitkamp stressed that she couldn’t speak for the administration, but added that “at the highest level, they understand this policy is not a good policy.”
Still, when it comes to the politically treacherous subject of widely exporting U.S. oil — which has been under heavy restrictions since the 1970s — “everybody wants to get together and . . . make a bipartisan decision to do this,” Heitkamp added.
Heitkamp has been working with Sen. Lisa Murkowski, R-Alaska, to end the ban on crude exports, alongside a similar effort led by Rep. Joe Barton, R-Ennis, in the House.
All three face the same challenge: Lining up sufficient bipartisan support — with plenty of Democrats joining Republicans in the push for oil exports — to strip the issue of some of its political risk.
Read more: http://bit.ly/1Lsefa2
More industry news:
- End Oil Export Ban, Or Face Competition From Iran, Murkowski Report Warns: http://reut.rs/1eG7x38
- Report – Cross-Currents: Iranian Oil and the U.S. Export Ban: http://1.usa.gov/1GxG6hK
- Marcellus Shale Region to See Wave of Large Pipeline Projects: http://bit.ly/1Cr8Ck
- Editorial – EPA Wants Us to Change? Show Us the Bill First: http://bit.ly/1Ru5w5L
- Opinion – White House Touts “Energy Independence” After Dismissing Oil Boom: http://bit.ly/1QOnIMx
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.