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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Natural Resources
      Energy and Mineral Resources
    IntroducedMarch 14th, 2013

What is it?

H.R. 1190 aims to restrict the sale of U.S. sourced oil to U.S. refiners and consumers. 


Under this bill, the Secretary of the Interior can only lease Federal land for oil extraction from companies that agree to limit oil sales to the U.S. This restriction to the nation's borders would also include any product made from the oil — not just gasoline, but other things like waxes and lubricants.


The President would still have the power to waive this requirement if having these restrictions in place:

  • lead to an increased dependence on foreign oil from countries that are unstable or politically hostile; 

  • would raise costs for U.S. oil refiners and U.S. consumers;

  • violate international agreements or the Constitution.


The bill comes with a ten-year sunset. Two years before its expiration, the Secretary of the Interior and the Comptroller General must issue a report to Congress on H.R. 1190’s impact.

Impact

Anyone who drives or relies on vehicles that need gasoline, people in the oil industry including drillers, refiners, and shippers, the Secretary of the Interior, the Comptroller General, and foreign oil industries.

Cost

A CBO cost estimate is unavailable.

More Information

In Depth:

Since the 1970s, the U.S. has maintained a ban on oil exports, with the exception of oil shipped to Canada. The ban was put in place during the 1973 oil crisis during the Arab oil embargo that happened as a consequence of U.S. support for Israel. The embargo caused oil prices in the U.S. to increase at exponential rates.


More info:

Now in late 2014, the U.S. is experiencing something of a domestic oil boom. This has helped cause gas prices in the U.S. to plummet. In turn, gas companies are filling out fewer permits for new drilling projects.


Some critics have called on the Federal government to end the oil ban, claiming that the U.S. could maintain energy security while making money off of its natural resources. According to the Council on Foreign Relations, legalizing oil exports could generate $15 billion in revenue. Mining company BHP Billiton recently announced its plans to sell Texas-produced oil overseas without official approval.


Much of the domestic gas extracted in the U.S. comes from hydraulic fracturing, or fracking, a process by which fluids are injected into the ground to crack rock, which provides easier access to oil. The practice has been banned in Vermont and New York amid environmental safety concerns.


Media:

Sponsoring Rep. Ed Markey (D-MA) Press Release

Boston Globe

Brookings Institute

Debate with Rep. Markey and Former Treasury Secretary Larry Summers

National Geographic
(Photo Credit: Flickr user Jennie Faber)

AKA

Keep America's Oil Here Act

Official Title

To provide that the Secretary of the Interior may accept bids on any new oil and gas leases of Federal lands (including submerged lands) only from bidders certifying that all oil produced pursuant to such leases, and all refined petroleum products produced from such oil, shall be offered for sale only in the United States, and for other purposes.