» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 39 | NO. 30 | Friday, July 24, 2015

Boehner backs push to export US crude oil

Print | Front Page | Email this story

WASHINGTON (AP) — House Speaker John Boehner says he supports a push by U.S. oil companies to ship their crude oil overseas and lift a decades-long ban on exports.

The Ohio Republican said the change would be a boon for the economy, creating up to a million jobs and bringing U.S. energy policy into the 21st century.

The export ban is a relic of the 1970s, after an OPEC oil embargo led to fuel rationing, high prices and iconic images of long lines of cars waiting to fuel up.

Boehner said Wednesday those days are long gone. He said a "scarcity mindset" has been replaced by an energy boom that has seen domestic production of oil and natural gas soar, even as renewable energy such as wind and solar power also make gains.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0