Thorning Applauds Omnibus Vote Embracing Crude Exports Policy Reform

Dr. Margo Thorning, senior policy advisor for the American Council for Capital Formation (ACCF), released the following statement in response to Congressional passage of a $1.1 trillion spending deal that includes language prohibiting the federal government from restricting crude oil exports from the United States:

“Today’s vote lifting the crude export ban is an historic moment for the American people and the U.S. economy. By embracing a modernized policy that recognizes our newfound energy abundance, we are opening the door to increased jobs, economic growth and the ability to act as a stable and secure energy supplier for our key allies. This outdated ban has only served as an economic sanction and change has long been overdue. We applaud Congress’ decision to usher America into a 21st century energy future and allow us the opportunity to compete on the global energy stage.”