Like Countable?

Install the App
TRY NOW

house Bill H.R. 702

Ending the Prohibition on Exporting Domestic Crude Oil

Argument in favor

Allowing the U.S. to export oil will create jobs, boost the economy, and lower energy prices — while reducing America’s reliance on foreign oil.

EricRevell's Opinion
···
03/31/2015
The U.S. needs to start exporting oil and natural gas for the sake of our economic future. The Middle East and Russia aren't beacons of stability, and if we can support ourselves and our allies the world would be a better place for it.
Like (39)
Follow
Share
ThomasParker's Opinion
···
05/19/2015
The overall economy will improve, gas prices will decrease, and European nations will be less reliant on Russia for energy. Free trade is always the right answer.
Like (19)
Follow
Share
Cary's Opinion
···
04/02/2015
The policy to not export oil made sense when we produced so little. Currently it is actually inhibiting energy growth in America because of the existing surplus.
Like (9)
Follow
Share

Argument opposed

It’s a bad idea to let oil exports run the U.S. energy market — sure you might have cheaper gas right now, but it'll destroy the planet for the next generation.

Brian's Opinion
···
03/31/2015
Sounds good but the fracking issue makes me concerned about water safety. I've seen flaming water and the disgusting crap that pollutes drinking water. I just don't trust companies to be responsible and safe above their goal of profit
Like (80)
Follow
Share
ShePersisted's Opinion
···
03/11/2017
ExxonMobil is heavily invested in producing crude oil from Canada's tar sands and would directly benefit from the approval of TransCanada's Presidential Permit," Greenpeace told the US Office of Government Ethics on Wednesday. During his first week in office, Trump signed executive actions to approve the pipeline, which the Obama administration had blocked." Secretary of State Rex Tillerson is the former CEO of ExxonMobile.... but Im sure neither he nor any of the billionaire buddies in the White House stand to gain from this, right? Ha! Just kidding! Of course they will. Why else did the get into this "government" business all of the sudden? None of them have ever held an office before, but NOW they give a shit? Yeah, I don't think so.
Like (53)
Follow
Share
Ian's Opinion
···
03/31/2015
Exporting only leads to the need to increase production. Increased production leads to increased risks to the environment and our health.
Like (50)
Follow
Share

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed October 9th, 2015
    Roll Call Vote 261 Yea / 159 Nay
      house Committees
      Committee on Energy and Commerce
      Energy
      Committee on Foreign Affairs
      Oversight and Investigations
    IntroducedFebruary 4th, 2015

Log in or create an account to see how your Reps voted!

What is House Bill H.R. 702?

This bill would repeal restrictions on the export of coal, petroleum products, natural gas, and petrochemical feedstocks through amendments made to the Energy Policy and Conservation Act. Crude oil prices — specifically those of light, sweet crude — have recently dipped to near $40 per barrel, which is close to a six-year low, after prices hovered near or above $100 per barrel from 2011 through 2014 following a peak near $140 per barrel in 2008.


The export ban on materials or equipment used in the exploration, production, refinement, or transportation of energy supplies, or for the construction of energy facilities in the U.S. would also be repealed. Under this bill, federal officials would also be prohibited from imposing or enforcing a restriction on the export of crude oil.


Within 120 days of this bill’s enactment, the Secretary of Energy would be directed to conduct a study on the appropriate size, composition, and purpose of the Strategic Petroleum Reserve. This study would be handed over to the House Committee on Energy and Commerce, and the Senate Committee on Energy and Natural Resources.

Impact

People who use petroleum products — that's all of you who drive cars, or take public transit, or use anything else that runs on gasoline, potential exporters and importers of U.S. crude oil, relevant congressional committees, the Department of Energy, and the Secretary of Energy.

Cost of House Bill H.R. 702

A CBO cost estimate is unavailable.

More Information

Of Note: The emergence of innovative methods (like hydraulic fracturing or fracking) for extracting oil and natural gas from shale formations has led to increased exploration. As of December 2014, proven U.S. oil reserves surpassed 36 billion barrels for the first time since 1975, and America’s current supply of natural gas could sustain domestic consumption levels for an estimated 87 years.

America’s energy boom has led to forecasts that the U.S. will become a net exporter of natural gas at some point before 2020. Businesses and regulators are currently working through the process of approving applications for natural gas export facilities. This has also carried over for oil production, as the U.S. surpassed Saudi Arabia and Russia to become the world’s largest producer of oil.

In the debate over whether the U.S. should allow the export of domestically produced oil there have been numerous economic analyses done on the subject. The Aspen Institute, the Brookings Institution, and Columbia University all found to varying degrees that allowing U.S. exports would reduce domestic gasoline prices by as much as 12 cents per gallon, and reduce unemployment by about 200,000 people per year over the 2015-2020 period.

Oil Change International conducted its own study, estimating that a 9.9 billion barrel increase in oil production could lead to the release of more than 4.4 billion tons of carbon dioxide into the atmosphere — deepening the negative impacts of climate change. Environmental activists were aggrieved when a Senate committee hearing on the export ban failed to include discussion of the potential impacts on the climate and environment.


Media:

Summary by Eric Revell

(Photo Credit: Flickr user Tim Evanson

Official Title

To adapt to changing crude oil market conditions.

    The U.S. needs to start exporting oil and natural gas for the sake of our economic future. The Middle East and Russia aren't beacons of stability, and if we can support ourselves and our allies the world would be a better place for it.
    Like (39)
    Follow
    Share
    Sounds good but the fracking issue makes me concerned about water safety. I've seen flaming water and the disgusting crap that pollutes drinking water. I just don't trust companies to be responsible and safe above their goal of profit
    Like (80)
    Follow
    Share
    ExxonMobil is heavily invested in producing crude oil from Canada's tar sands and would directly benefit from the approval of TransCanada's Presidential Permit," Greenpeace told the US Office of Government Ethics on Wednesday. During his first week in office, Trump signed executive actions to approve the pipeline, which the Obama administration had blocked." Secretary of State Rex Tillerson is the former CEO of ExxonMobile.... but Im sure neither he nor any of the billionaire buddies in the White House stand to gain from this, right? Ha! Just kidding! Of course they will. Why else did the get into this "government" business all of the sudden? None of them have ever held an office before, but NOW they give a shit? Yeah, I don't think so.
    Like (53)
    Follow
    Share
    Exporting only leads to the need to increase production. Increased production leads to increased risks to the environment and our health.
    Like (50)
    Follow
    Share
    How would exporting our domestic oil supply lessen our reliance on foreign oil? If we have enough to export, wouldn't it follow we have enough domestically to sustain our usage?
    Like (29)
    Follow
    Share
    The overall economy will improve, gas prices will decrease, and European nations will be less reliant on Russia for energy. Free trade is always the right answer.
    Like (19)
    Follow
    Share
    Why are we importing oil if we have enough of our own to export? ABSOLUTELY ILLOGICAL!
    Like (15)
    Follow
    Share
    No. We need clean energy.
    Like (13)
    Follow
    Share
    Policy is the wrong way to handle this.
    Like (10)
    Follow
    Share
    The policy to not export oil made sense when we produced so little. Currently it is actually inhibiting energy growth in America because of the existing surplus.
    Like (9)
    Follow
    Share
    With the competing Global surge of green energy, reverting back to oil can potentially hurt future growth, as green energy is replenishable without perpetual costs like gasoline.even ignoring the ecological side effects, maintaining that oil as an emergency reserve adds value to it the longer that we withhold exporting it.
    Like (9)
    Follow
    Share
    This bill is extremely short sighted. Mass unemployment across the country seems to be pushing our country back into a self degrading addiction to poor environmental practices. The passing of this bill would set our entire country back into an economy based on energy sources of a developing nation. If we expand the petroleum industry now, the use of fossil fuels will be much harder for my generation to stop. I am an Eagle Scout who works extensively with children from ages 7 and up. In STEM, even these youngest scouts know about the bad effects of fossil fuels. It saddens them and it saddens me that legislation like this, if passed, will most negatively impact the kids growing up today and tomorrow.
    Like (6)
    Follow
    Share
    Our biggest problem is that we lack the capacity to refine the crud, would be a step in reducing energy costs.
    Like (5)
    Follow
    Share
    The US has, probably, as much oil as the Middle East. If we can make money from it, assuming we have already supplied ourselves, exporting the excess makes a lot of sense.
    Like (4)
    Follow
    Share
    More American oil independence!
    Like (4)
    Follow
    Share
    We need to end our dependence on oil!
    Like (4)
    Follow
    Share
    I think we should invest more in other types of energy, rather than continuing to pollute our country and the Earth's environment.
    Like (3)
    Follow
    Share
    Oil is cheaper than ever, let's sell? Sounds like a great idea...
    Like (3)
    Follow
    Share
    Short term jobs are not worth the larger ecological damage. There are also many good environmentally friendly, sustainable jobs and training that should be pursued instead of the outdated industrial model.
    Like (3)
    Follow
    Share
    I care about the future generations. We should be focusing on renewable energy sources anyway.
    Like (3)
    Follow
    Share
    MORE