COLUMBUS - 

State Representative Mark Romanchuk today voted for a resolution encouraging the export of oil in the United States.


Senate Concurrent Resolution 6 urges Congress to lift the prohibition on the export of crude oil from the United States, a ban that has been in effect since the Energy Policy and Conservation Act of 1975. As the resolution alludes, “the prohibition originally was intended to preserve domestic price ceilings by preventing domestic producers from receiving higher world oil prices and to preserve a depleting domestic reserve.”


However, since that time, developments in directional drilling and hydraulic fracturing has made the US more crude oil independent, providing an opportunity for economic growth and stability, making the longstanding prohibition unnecessary.


“Our international competitors are attempting to derail our blossoming energy industry here in Ohio,” said Rep. Romanchuk. “By supporting this resolution, job creation and investment will continue here in Ohio.”

 
 
 
  
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