Railroad Commission Chairman David Porter’s Statement on House Vote to Repeal Federal Crude Export Ban
AUSTIN — The U.S. House of Representatives Friday voted 261-159 to lift the 40-year-old Federal crude oil export ban, which Congress first put in place after the 1970s Arab oil embargo.
The following quote may be attributed to Texas Railroad Commission Chairman David Porter:
“I commend the U.S. House for voting to overturn the Federal crude oil export ban and hope the Senate and White House will support this effort as well. Our inability to compete in the international marketplace makes our oil supply and demand especially vulnerable to volatile OPEC practices. Lifting the Federal crude oil export ban would spur new American energy production, foster economic growth and job creation, and take us one step closer to energy independence.
Texas Railroad Commission Chairman David Porter was elected statewide by the people of Texas to serve as a member of the Commission in November 2010. A Certified Public Accountant and successful small business owner, Chairman Porter has worked with oil and gas producers for nearly three decades providing strategic financial advice and tax counsel. He is the senior member of the Commission with a proven record of principle-driven, free market conservative leadership.