Forty years ago, the Arab Oil Embargo changed the way America thinks about energy. After finding ourselves at the mercy of a bunch of oil states, we panicked. The government put price controls in place, the Strategic Petroleum Reserve was launched, and all oil exports were banned.

Thanks to recent breakthroughs in technology, however, our country’s energy picture has taken a dramatic turn for the better. The U.S. now imports about half the oil it consumes - some 8 to 9 million barrels a day - and we export more than 3 million barrels of oil products, such as gasoline and diesel, every day.

Does it make sense for us to ban oil exports at the same time we’re shipping millions of barrels of oil products overseas? It might be time to revisit that policy.

7 Comments on “Why I’m for Lifting the Ban on Crude Oil Exports”

Geoff Daly Says:

T. Boone, If there is a federal law on the books why has no regulatory agency raised this issue and the DOJ or Commerce department not got involved. By place the appropriate sanctions those companies stepping out side the Congressional laws? Are there just to many Registered/Paid Lobbyist diddling around Washington and making sure no one does?

DubleDeuce Says:

Pickens is showing his true self here. 3 years ago he was crying in his beer that we were dependent too much on "imported oil" we needed to "up our game" he said. Get more energy secure was the mantra. Get OFF the OPEC test he said. Now that the US technology gurus have given us more oil than we know what to do with he changes his tune in order to cash in on the market for "Texas Intermediate Sweet". No dice Pickens. Let the world (OPEC) go pound sand (or put it on their Cheerios as the case may be) Energy it too precious a commodity as it relates to this nations economy and security. Prices for gasoline/diesel at the pump are an onerous tax on the populace taking away money that could be used in so many different ways for our betterment. The ban on domestic crude exports should not only stay in place, but remain in place until our OPEC imports are at zero. Opec (aka Saudi Arabia) is NO friend of ours in ANY sense of the word. Petrol dollars fill their coffers and are diverted to produce full blown terrorists in the form of the madrases (schools of radical Muslim teachings) This North American Alliance of crude oil markets smacks of the NAFTA trade market agreement of 20 years ago. That agreement has done our economy and the middle class NO GOOD. Car plants that have displaced American jobs sit JUST over the US/Mexican border taking high paying jobs away from Americans. But the REAL slap in the face is NOT the loss of American jobs, rather the FAILURE of the Mexican government to allow for a better life for the Mexican worker. We lost the jobs AND we must put up with continued illegal immigration. This is classic leftist government at work. So is this scheme of your to lift the ban on crude oil exports. It helps NO ONE save for the oil man. Energy is strategic. Permitting the oil man to exploit this nations crude resources for his own profits is immoral. Remember, the CRUDE oil reserves in this country are OURS, the American people, NOT the exclusive property of the oil man. If the oil man cannot garner enough profit from the pumping of this crude to fill the needs of the American people FIRST, they need to get OUT of the oil business. This country always prides itself (at least so goes the patriotic rhetoric) on being the paragon of free enterprise. Let the marketplace set the price. I say let the world market set the PRICE in this country but allocate the crude for our own consumption. You say we "panicked" in '73 with this law designed to preserve our precious, vital, and strategic resource, crude oil. That is a knee jerk reaction in itself. IF we wish to rescind this crude oil export ban I say put an excise tax on all production destined for export in this country. Let the market decide who GETS what by letting the market decide who WANTS what bad enough. Just like we have had to do these past 40 years or so. If your previous arguments concerning the unconscionable importation of crude to this country from OPEC countries was a TRUE argument, then you cannot now change that argument just because our production and reserves are looking better. It is scene as a money grab pure and simple.

Christopher Laraway Says:

I believe any US energy policy needs to do everything to keep America first and further minimize the disruptions in oil prices from Mideast unrest, especially if the US gets to a place where we have an oil surplus. Too often, even with increases in oil production by America, we see the price of gasoline at the pump following world market spot prices. Americans don't have any real options when it comes to powering their cars since there is no competitive environment for gasoline. The industry needs to be managed more like public utilities to avoid the manipulation in prices at the pump. Such stability in prices will significantly help businesses and individuals predict expenses and be able to spend money in other parts of the economy.

Eric G. Hilkert Says:

In a word frustrating.

barbara warner Says:

If we still need to import oil to make these refined products that we are exporting, then why the heck are we exporting in the first place...how about America take care of itself and let the rest of the world take care of themselves. Lets quit trying to make some oil companies rich and conserve our products for our use in the future. One day, when we have sold all we have to someone else, do you really believe someone will come to our rescue and sell us a reasonably priced replacement product?? Of course not. They will thumb their noses at us and call us stupid greedy Americans who put profits for oil companies and exporters above our own future needs. I am adamantly against any export of American oil or gas products and am not sure that a North American coalition is the answer to our ever growing need to consume more and more fossil fuels. How about forcing the auto industry into making engines that burn less fuel like they did years ago when the 40 mpg K-car was invented and then, poof, that concept of more efficient engines faded into extinction never to be heard from again. Last I remember there was a law that by the year ??? all new manufactured vehicles had to meet that 40mpg standard or best it. And then magically the idea faded into extinction in the back pocket of some lobbyist who represented big corporate concerns and the American people paid the price. We have the capabilities to make our country better, our govt just refuses to stand up to big corps and make laws that protect the common people. This country is run and controlled by big business, plain and simple. Lets call a spade a spade. Until we eliminate that problem, we are doomed. "government of the people, by the people, and for the people" Does anyone remember this today? Pennsylvania recently raised the state tax at the pump so we are now close to 50 cents a gallon. How much more taxation of fuel can the citizens of the US bear?? For every dollar spend in fuel, the citizens spend less on something else forcing the economy into more and more decline. I was all for that price control back in the 70's. It made gas stations become competitive. Once at their maximum allowable price, their only recourse was to lower prices to compete and garner business. I think that should happen again today. Yes, price controls on fuels will reduce the billions of dollars of profits that oil companies are extracting from out pocketbooks, but it will mean our government is taking care of its common people like it should instead of supporting big business. We are way out of control now in this country. No one is standing up for themselves or the citizens of this once great country. We have been cut adrift in a sea of money hungry corporations that are controlling our destiny, and I for one have had enough and call for all of you out there to stand up and be heard and take back control of our lives and our futures. America, once 'land of the free and home of the brave' is now land of the free handout, and home of the worlds freeloaders. We speak English in this country...There was a time when you had to read and write English to become a citizen. Today I have to look for the english translation on all the packaging. My Lowes store in Pa. has a spanish translation on all the signs. Really?? Does that seem right to you. And now you want us to buy oil from Mexico so we can refine it and ship it abroad. I think the real reasoning behind all this is just this simple...IT IS ALL ABOUT THE MONEY AND WHO HAS IT, WHO MAKES IT, AND WHO CONTROL IT. LET'S TELL IT LIKE IT IS! I have been to Mexico...those "poor people" you speak of live happy lives. AND, I did not find one word of English in the local Walmart or Sams club down there. Those people know they speak Spanish and you, the foreigner, cope with it or stay home in your own country. They do not need our money or our oil. They live simple unadorned lives and appear happier and well adjusted to that simple life. They have learned a valuable lesson. MONEY IS NOT EVERYTHING!!! Life, love, and family are what it takes to be truly happy. America could learn a valuable lesson from the Mexican people!!! So my vote is no imports, no exports of oil, gas, or other by-products to or from anyone. Learn to live within our means. And, plan for the future instead of living the high life at the moment.

barbara warner Says:

If we still need to import oil to make these refined products that we are exporting, then why the heck are we exporting in the first place...how about America take care of itself and let the rest of the world take care of themselves. Lets quit trying to make some oil companies rich and conserve our products for the future. One day, when we have sold all we have to someone else, do you really believe someone will come to our rescue and sell us a reasonably priced product?? Of course not. They will thumb their noses at us and call us stupid greedy Americans who put profits for oil companies and exporters above our own future needs. I am adamantly against any export of American oil or gas products and an not sure that a north american coalition is the answer to our ever growing need to consume more and more fossil fuels. How about forcing the auto industry into making engines that burn less as they did 40 years ago when the 40 mpg K-car was invented and then faded into extinction. We have the capabilities to make it better, our govt just refuses to stand up to big corps and make it law. This country is run and controlled by big business plain and simple. Until we eliminate that problem, we are doomed.

Jimmy Wilson Says:

I'm sorry but I do not agree with exporting oil and gas from the U.S.. We've come too far with all of the hard work that has been done for all the drilling to go to other countries. The United States will always be first for me. I have two more wells to be drilled within the next year. I would hate to think of any of that to be transported to any unfriendly country. Sorry to disagree but in this case I must disagree with you. The Wilson family in Wise county, TX, will keep drilling hard for this country. Thank you for the email notice. Please keep me updated. Jimmy Wilson

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