By Matt Rooney | The Save Jersey Blog
Some regular business continues this beautiful, sunny Friday notwithstanding the speakership dysfunction plaguing your House of Representatives, Save Jerseyans, like today’s passage of H.R. 702 which, if signed into law, would end a 40-year-old ban on crude oil exports.
Rep. Leonard Lance (R, NJ-07), a member of the Energy and Commerce Committee, took to the floor to explain why the bill deserves to become law:
“It makes no sense that Iranian oil will soon be permitted to flow but American-made energy is left untapped,” explained Lance. “Today’s bipartisan action in the House of Representatives will put an end to the outdated restrictions on the export of U.S. oil. Allowing American oil exports into the world markets will create and protect tens of thousands of U.S. jobs, enhance our national security and help keep prices at the pump affordable for all consumers across the country. American energy brings growth, prosperity, security and independence to the United States and our allies. Our Nation should counter Iran and make thousands of U.S. jobs in the process.”
The ban on the exporting of crude oil from the United States dates back to the 1970s energy crisis. Lance believes ending the ban would create American jobs and apply further downward pressure on gasoline prices, not to mention make the U.S. more secure in the long-run at a time when our energy-rich enemies are testing our limits on an almost daily basis.
“The President will have a decision to make. Sign the legislation and deliver a win for American jobs and our allies around the world or issue a veto and let Iran lead the world’s energy markets,” Lance concluded.