The Domestic Energy Producers Alliance is a nationwide collaboration of 19 coalition associations – from California to West Virginia, Texas to Montana – representing about 10,000 individuals and companies engaged in domestic onshore oil and natural gas exploration and production (E&P). We believe in seeking common ground, and in common sense solutions to the challenges that face us in our businesses, including our relationship with the federal legislative and executive branches of government. In only its fifth year, DEPA now represents a majority of the individuals and companies responsible for the current renaissance in American oil and natural gas production.
Congress must lift the ban on US crude oil exports. The ban is a terrible relic of the Nixon era that harms the American economy. As Sen. Lisa Murkowski (R-AK) has pointed out, restrictions on oil trade effectively amount to domestic sanctions. Combined with a mismatch in refining capacity, the ban on oil exports is creating a significant discount for US light oil at no benefit to anyone except refiners and their foreign ownership. It has cost US states, producers and royalty owners $125 billion in lost revenue in four years, according to industry estimates.
In most years, August is a time for vacations and preparations for the start of school. Generally, Washington is no exception as Congress takes its month-long recess the city typically slows to a crawl. That has not been the case this year.
A surprisingly raucous GOP primary, lead by insurgent Donald Trump, has energized cable news and talk radio. At the same time, the strength of avowed socialist Bernie Sanders has cast a shadow over the sense of inevitability around Hillary Clinton’s coronation as the 2016 Democratic nominee.
Original article appears here
One of the hardest things for people who don’t deal with Congress regularly is to understand that the legislative process is a marathon, not a sprint. It takes a long time to get existing law changed, even in the best of times. These, of course, are not the best of times because of continuing Congressional deadlock on a variety of issues.
So how are we doing in running our marathon to get the 40 year-old ban on crude oil exports repealed? We aren’t near the 26-mile marker yet but we have advanced pretty far down the track.