McCaul Statement on House Lifting Crude Oil Export Ban

Oct 9, 2015
Press Release

McCaul Statement on House Lifting Crude Oil Export Ban 

WASHINGTON, DC– Today following House passage of H.R. 702, to adapt to changing crude oil market conditions, which lifts the Crude Oil Export Ban, Congressman Michael McCaul (R-TX) made the following statement.

McCaul: "I am pleased that the House has finally voted to lift the outdated ban on crude oil exports. Having introduced legislation in each of the last two Congresses to lift this ban, I am confident that doing so will help create jobs, bolster our economy, and strengthen our national security. The Senate and President Obama must act on this so America can take another step towards being an independent energy superpower while also helping our allies become less reliant on Russia and OPEC for their energy needs.”

Congressman McCaul introduce the Crude Oil Export Act in January 2015 and in April 2014.  He also recently coauthored an OpEd with Texas Railroad Commissioner Christi Craddick on the need to lift the ban.