Washington, DC – Congressman Tim Ryan made the following statement on his vote to lift the ban on the U.S. export of crude oil. Congressman Ryan voted in favor of this legislation (HR 702), which passed the House of Representatives by a vote 261 – 159. This legislation is now awaiting action in Senate.
“Lifting this ban will be an economic boom for Ohio and the United States; creating 16,000 jobs and almost $3 billion in investment in our state alone. This common sense solution will put more money in the pockets of hard working Americans by lowering gas prices by 2 to 12 cents a gallon,” said Congressman Ryan. “Removing the ban is not only vital to our economy, but also our national security. As a member of the Defense Appropriations Subcommittee, I understand the geopolitical impact this legislation will have and for me it is clear – we should be giving consistent and reliable energy to our allies in Europe and around the world so they have an alternative to only doing business with volatile actors in the Middle East and Russia.”
Congressman Ryan spoke on the House Floor today in support of lifting the ban: