Ted Yoho Cheers Ending the Ban on Exporting Crude Oil

At the end of last week, the U.S. House voted to pass the “Adapt to Changing Crude Oil Market Conditions” ending the ban on exporting crude oil.

U.S. Rep. Ted Yoho, R-Fla., cheered the vote, and made the case for why it was needed. 

“The United States is among the top producers of oil in the world. New technologies have enabled our domestic energy industry to produce more and cut our imports of foreign oil,” Yoho said on Friday. 

“Most of us who lived through the 1970’s remember the long gas lines created by the Arab oil embargoes and domestic energy crisis,” Yoho added. “In response to that crisis, the US placed a ban on exporting domestic oil – which today is harmful to our economy and the industry.

“Lifting the ban on exporting domestically produced oil is good for American consumers and our economy,” Yoho concluded. “It will increase investment, create jobs, and aid in making the United States more secure by creating greater stability in the global crude oil market. This is good for America.”