In a recent industry conference in Houston, Senator Murkowski reiterated her effort in Congress to remove the U.S. oil export ban in a poignant rebuttal against the administration’s effort to lift the Iranian sanctions but not ours. Totally bass-ackwards.
“If the U.S. intends to lift sanctions on Iranian oil, restrictions should be lifted on U.S. oil,” Murkowski, a Republican who chairs the Senate Energy and Natural Resources Committee, said at the IHS CERAWeek conference on Monday in Houston.
She said that with the Obama administration’s deal on Iran’s nuclear program, 1 million barrels a day of Iranian crude would ultimately be back on the market. “This equates to a sanctions regime against ourselves,” she said. “It is time to lift America’s ban on oil exports,” Murkowski, who also calls for more drilling on federal land, said. “This year should be the year of legislation,” she said.
As oil prices plummeted, the calls to export U.S. crude have grown louder.
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