Craddick Applauds Congressional Action to Overturn Crude Oil Export Ban
AUSTIN – Railroad Commissioner Christi Craddick today released the following statement on Congressional passage of legislation overturning the decades-old federal ban on crude oil exports.
Commissioner Craddick said, “Lifting the antiquated U.S. crude oil export ban will be monumental for Texas oil producers long-term and an important tool for our country overall. The ability to export U.S. oil opens international markets to sales of our Texas energy resources, makes West Texas Intermediate crude price-competitive, provides greater stability and growth for our Texas oil and gas industry, and creates jobs here at home. Beyond Texas, oil exports will stimulate our national economy, boost national security, and extend a hand to our allies as we provide them a friendly, stable source of American energy.”