Wyden, Merkley, Markey Reintroduce Legislation to Ban U.S. Oil Exports
America still imports nearly a million barrels a day, while we send 3 million barrels a day overseas
Washington, D.C. – Senators Ron Wyden (D-Ore.), Jeff Merkley (D-Ore.) and Edward J. Markey (D-Mass.), have reintroduced legislation to reinstate the ban on sending American crude oil abroad.
“The math simply doesn’t add up here. America shouldn’t be both importing and exporting millions of barrels of oil a day, wasting precious resources and time while furthering America’s dependence on oil,” Wyden said. “It’s time to stop propping up Big Oil and pivot, instead, to making a full-fledged effort to transition to a clean energy future and kick our carbon habit once and for all.”
As a result of the lifting of the 40-year old ban on exporting American crude oil, historic amounts of U.S. oil are now going to foreign nations rather than staying here to benefit American consumers. The Block All New (BAN) Oil Exports Act would amend the Energy Policy and Conservation Act to reinstate the ban on the export of crude oil and natural gas produced in the United States.