Lifting the Crude Oil Export Ban – Welcome and Long Overdue
With the discovery of new reserves and the technological advances to extract the oil, the U.S. has become a leading energy producer. The anti-free market oil ban that seemed a sensible response when enacted clearly outlived its usefulness, as ALEC underscored in its model Resolution in Support of Lifting Federal Restrictions on Crude Oil Exports and Resolution for Reform of Counterproductive Export Control Policies.
Exports Drive Economic Growth in the States
International trade is a job creation engine that supports more than one in five jobs nationwide. Every state benefits from exports, and Texas, California and New York have the highest…