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Cornyn Renews Call to Lift Ban on Crude Oil Exports




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November 4, 2015 | 1,864 views | Post a comment

‘I do find that the President's position is perplexing at minimum, or hypocritical at worst. It's hypocritical that despite his self-proclaimed pro-trade stance, that he refuses to do something that should be a no-brainer when it comes to any proponent of free trade: opening up foreign markets to the things that we make and produce here, like lifting the antiquated ban on exporting crude oil.’

‘And we know the President, with not much time left in his Administration, is looking for a legacy accomplishment...I have to say, he can't take my support, or I believe the support of others in this chamber for the Trans-Pacific Partnership for granted, particularly if he acts so inconsistently on other free trade measures like lifting a crude oil export ban.’

WASHINGTON --Today U.S. Senator John Cornyn (R-TX) renewed his call to lift the nearly forty-year old ban on crude oil exports on the Senate floor.

Excerpts of Sen. Cornyn’s remarks are below, and video of his speech can be found here.

“About a month ago the White House announced it has reached a deal with 11 other countries along the Pacific Rim known as the Trans-Pacific Partnership. This is a major trade agreement that followed on the approval of Trade Promotion Authority by the United States Congress. And of course, as you might expect, President Obama has been quick to tout his credentials as a pro-trade President.”

”I do find that the President's position is perplexing at minimum, or hypocritical at worst. It's hypocritical that despite his self-proclaimed pro-trade stance, that he refuses to do something that should be a no-brainer when it comes to any proponent of free trade: opening up foreign markets to the things that we make and produce here, like lifting the antiquated ban on exporting crude oil. By refusing to revise this outdated policy, the President continues to contribute to the flat line of our economy and to deny our potential as an energy powerhouse. And, I might add, at the same time by not acting to lift this export ban, the President continues to deny our allies the energy they need for their economic security and to improve their national security. “

“Lifting the crude oil ban export would strengthen our economy and could actually save Americans money at the pump, but doing away with this outdated protectionist policy also gives us the opportunity to promote stronger relationships with our friends and allies around the world.”

“Last month, a strong bipartisan vote was had in the House of Representatives to vote to overturn this ban, and now it's time for the United States Senate to do the same.”

“Time and time again, the President has relied on Republicans in this chamber to advance his pro-trade agenda, and the reason we have done it is because we agree that a pro-trade agenda is good for our economy and good for our security. Soon we'll have an opportunity to read the full text of the Trans-Pacific Partnership. “

“And I'm going to use all the tools that we have provided for in the Trade Promotion Authority legislation to make sure that this proposed deal, the Trans-Pacific Partnership, gets the kind of careful scrutiny it deserves. And we know the President, with not much time left in his Administration, is looking for a legacy accomplishment. But this President's inconsistency with respect to free trade gives me great pause. I have to say, he can't take my support, or I believe the support of others in this chamber for the Trans-Pacific Partnership for granted, particularly if he acts so inconsistently on other free trade measures like lifting a crude oil export ban. “

“If he were truly the pro-trade President he claims to be, his Administration would prioritize lifting the crude oil export ban with the same ferocity with which it supports the Trans-Pacific Partnership.”

Senator John Cornyn, a Republican from Texas, is a member of the Senate Judiciary and Finance Committees.
 
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