Republican senators repeatedly pushed the secretary of Energy Tuesday to support lifting the ban on oil exports and explain why President Obama does not agree.
Energy Secretary Ernest MonizErnest Jeffrey MonizOVERNIGHT ENERGY: Supreme Court declines to hear challenge to Obama marine monument designation | Interior reverses course on tribal ownership of portion of Missouri river | White House climate adviser meets with oil and gas companies Moniz: Texas blackouts show need to protect infrastructure against climate change The Hill's Morning Report - Biden: Back to the future on immigration, Afghanistan, Iran MORE told the lawmakers at a Senate Energy and Natural Resources Committee hearing that oil exports are not within his purview, but nonetheless defended Obama’s opposition to the bills in both chambers to lift the ban.
“Do you agree that U.S. crude oil exports would benefit the energy security of our allies and trading partners?” Sen. John BarrassoJohn Anthony BarrassoSenate appears poised to advance first Native American to lead National Park Service Sunday shows preview: Senate votes to raise debt ceiling; Facebook whistleblower blasts company during testimony The Hill's Morning Report - Presented by Facebook - After high drama, Senate lifts debt limit MORE (R-Wyo.) asked.
“Does the Obama administration oppose all legislative efforts to repeal this crude oil ban?” he also asked.
Moniz said that oil exports are the Commerce Department’s responsibility.
But lifting the ban would not make sense, he added, because the United States still imports a significant amount of oil and exports are not likely to significantly decrease domestic fuel prices.
“We are a 7 million barrel-a-day importer of crude oil, a much greater exporter now of oil products,” Moniz said.
“It is also true that recent studies, including the last summary study of the [Energy Information Administration] on the congressionally requested studies on exports, show that the impacts for the next 10 years or so are likely to be pretty modest, to put it mildly, in terms of exports,” Moniz continued.
But the panel’s Republicans, who voted unanimously in August to pass a bill lifting the export ban, continued to drill Moniz.
Sen. Steve DainesSteven (Steve) David DainesThune endorses Herschel Walker in Georgia Senate race This week: Democrats aim to unlock Biden economic, infrastructure package Senate GOP signals they'll help bail out Biden's Fed chair MORE (R-Mont.) said the export ban, put in place in 1975, is outdated, citing many cultural references from that time period.
“It was Abba, it was Captain and Tennille, it was the Eagles. I was in seventh grade,” he said. “But it was a response to an acute crisis that we had.”
Daines said that once Western sanctions on Iran are lifted, the United States will have the strongest limits on oil exports in the world.
“Why should the United States be the only country in the world with a ban on most oil exports?” he asked.
Moniz would only repeat his previous statement, outlining the oil imports the United States still relies upon and the limited price impacts.