Ban on Oil and Gas Exports: Lower Energy Prices for US Consumers?
This bill reinstates the ban on exporting crude oil and natural gas produced in the United States. The goal is to increase the domestic supply of these resources, potentially leading to lower fuel and heating prices for American consumers. However, the President retains the authority to grant exemptions for exports deemed consistent with the national interest.
Key points
Imposes a mandatory prohibition on the export of crude oil and natural gas produced in the U.S.
Potential reduction in energy costs (fuel, heating) for domestic households and businesses due to increased supply.
The President can waive the ban for exports deemed necessary for the national interest, particularly concerning trade with Canada and Mexico.
Expired
Citizen Poll