Dem Senator Refers to ‘President Trump’ at Energy Forum
“When there’s more supply globally, that puts downward pressure on oil prices and hence downward pressure on gas prices,” he said. Hoeven added the American people do not want the country dependent on OPEC.
In May, Sens. Hoeven, Lisa Murkowski (R-Alaska) and Heidi Heitkamp (D-N.D.) introduced the Energy Supply and Distribution Act of 2015, which would end the ban on crude oil exports.
“The 1970s-era ban on exporting American crude oil is as outdated as the typewriters on which the policy was written. It’s past time for an upgrade,” said Heitkamp.
“Senator Murkowski and I are working to change the trajectory – by doing away with this nonsensical, out-of-date ban on U.S. crude exports, we can fully harness our resources here at home, level the playing field in the global energy market, and support our energy security by making sure our allies get energy resources from us instead of volatile regions.”
Rep. Fred Upton (R-Mich.), the chairman of the House Committee on Energy and Commerce, recently said he decided to take the Keystone XL pipeline off the table as part of the committee’s energy bill.
“One of the things I’m actively working against is what I call poison pills by one side or the other — so yes, of course I support Keystone. We’ve had a number of votes on that, but I know that’s not going to fly,” Upton said.
Hoeven predicted that the Keystone pipeline would ultimately be approved.
“Remember in the Congress we’ve passed it with 62 votes, I mean, this is something supported by the American people, by the Congress and in the long term I think that means we’ll get it – it’s just more of a question of when,” he said.