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Ohio votes to remove crude oil ban

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The American Petroleum Institute鶹ýӳs (API) Ohio Division welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing US producers to access global markets is expected to add up to 15 948 jobs and US$2.68 billion to the Ohio economy by 2020, according to a report by ICF International.

鶹ýӳToday鶹ýӳs resolution sends a strong message of support to the bipartisan coalition in Congress working to lift the ban and create US jobs,鶹ýӳ said Chris Zeigler, Executive Director of API Ohio. 鶹ýӳRemoving this outdated policy will promote domestic production, creating jobs in Ohio and generating savings for consumers. America鶹ýӳs growth as an energy superpower will promote our security and the security of our allies overseas.鶹ýӳ

Sponsored by Senator Troy Balderson (R-Zanesville), SCR 6 urges Congress to lift 1970s era restrictions on exports of crude oil from the US. The US House of Representatives is expected to vote on legislation to lift the ban this Friday.

鶹ýӳAmerica is experiencing an energy revolution,鶹ýӳ said Zeigler. 鶹ýӳWe are no longer debating American energy policy in terms of scarcity. Today we have the opportunity to harness the opportunities created by energy abundance, all thanks to proven technologies like horizontal drilling and hydraulic fracturing.鶹ýӳThe American Petroleum Institute鶹ýӳs Ohio Division today welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing US producers to access global markets is expected to add up to 15 948 jobs and US$2.68 billion to the Ohio economy by 2020, according to a report by ICF International.

鶹ýӳToday鶹ýӳs resolution sends a strong message of support to the bipartisan coalition in Congress working to lift the ban and create US jobs,鶹ýӳ said Chris Zeigler, Executive Director of API Ohio. 鶹ýӳRemoving this outdated policy will promote domestic production, creating jobs in Ohio and generating savings for consumers. America鶹ýӳs growth as an energy superpower will promote our security and the security of our allies overseas.鶹ýӳ

Sponsored by Senator Troy Balderson (R-Zanesville), SCR 6 urges Congress to lift 1970s era restrictions on exports of crude oil from the US. The US House of Representatives is expected to vote on legislation to lift the ban this Friday.

鶹ýӳAmerica is experiencing an energy revolution,鶹ýӳ said Zeigler. 鶹ýӳWe are no longer debating American energy policy in terms of scarcity. Today we have the opportunity to harness the opportunities created by energy abundance, all thanks to proven technologies like horizontal drilling and hydraulic fracturing.鶹ýӳ

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Read the article online at: /business-news/08102015/ohio-votes-to-remove-crude-oil-ban/

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