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

[bananas]

http://fuelfix.com/blog/2015/09/17/house-panel-votes-to-lift-40-year-old-us-ban-on-oil-exports/#35264101=0

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

Posted on September 17, 2015 | By Associated Press

WASHINGTON (AP) — A key House committee endorsed a bill Thursday to lift the four-decade-old ban on crude oil exports, setting up a possible vote by the full House on a bill President Barack Obama opposes.

The House Energy and Commerce Committee approved the legislation, 31-19, with three Democrats joining 28 Republicans to back the bill.

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.

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

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[GitRDun]

1. Typical Republican big business lawmaking

The US imports 7.5 million barrels of crude per day and they are wasting time on a bill to allow exports. Nice work guys!

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRIMUS2&f=W

[TheBlackAdder]

2. I remember the line that Domestic Oil was for National Security, hence we need to import it!

.


Now, we want to export oil to other countries?


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[4dsc]

3. We already export oil to other countries

Alaskan oil for starters.

[Marrah_G]

4. I do not understand why we export oil and then import oil

It's ridiculous.