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May 06 , 2015 Wednesday

Energy equipment and infrastructure alliance calls for ban on crude Exports

 “Many jobs have been lost, and many more are at risk today, because of the obsolete ban on crude oil exports,” explained Mack. ” In the energy supply chain, there are three workers supporting energy for every one job at the production level. This has been documented by a recently completed IHS study showing the American jobs that would be created by lifting the ban on U.S. crude exports. Because of the ban, our producers lack access to global markets, and so our record crude oil productionis trapped inside the U.S. and has swamped our refining capacity. So producers are cutting back, and this is costing these supply chain workers their jobs in large and growing numbers.”

“The time to act is now before foreign producers, like Russia and Iran, lock up the world’s crude customers, and make money to spend on threatening America’s friends and allies. Let our producers provide crude oil to them instead.” added Mack
Source: www.cmbol.com

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