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Ban on Oil and Gas Exports: Impact on US Fuel Prices

This bill aims to reinstate the ban on exporting crude oil and natural gas produced in the United States. This could affect the availability and prices of fuels domestically, potentially lowering costs for consumers, but also limiting opportunities to sell raw materials abroad.
Key points
Reinstatement of the ban on crude oil and natural gas exports from the US, potentially impacting domestic fuel prices.
The US President may grant exemptions from the ban if deemed consistent with national interest.
Possibility to restrict exports of other energy products and materials essential for energy production within the US.
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Citizen Poll
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Additional Information
Print number: 117_HR_9545
Sponsor: Rep. Espaillat, Adriano [D-NY-13]
Process start date: 2022-12-14