House votes to lift 40-year-old ban on US crude oil exports

[flowers]

http://www.foxnews.com/politics/2015/10/09/house-oks-lifting-40-year-old-us-ban-on-crude-oil-exports/?intcmp=hplnws

The House overwhelmingly approved a bill Friday that would lift the 40-year-old ban on exporting U.S. crude oil, a restriction that critics say hurts job creation and U.S. national security.

The House approved the bill on a bipartisan 261-159 vote. However, the White House has threatened to veto the bill should it make its way to the president’s desk, calling it unnecessary and arguing that the decision rests with the commerce secretary.

The bill heads next to the Senate. While it easily passed the House Friday, the 261-vote tally falls short of the two-thirds majority needed to override a presidential veto.

The export ban was signed into law by President Gerald Ford in 1975 in response to the oil embargo by Arab OPEC nations against the U.S. for its support of Israel in the 1973 Arab-Israeli war. But repeal supporters say the policy is now outdated -- and failing to repeal it would cost jobs.

"In my view, America's energy boom has the potential to reset the economic foundation of our economy and improve our standing around the world," Speaker John Boehner, R-Ohio said in a statement.

"Let’s use the peaceful tools of energy development while creating jobs in America [to] replace the weapons of war in Europe and the Middle East. Let’s use our influence for good by selling this American made product – produced by American workers. Let’s do it in a bipartisan fashion today,” Rep. Kevin Cramer, R-N.D., said Friday.

Cramer, one of the original co-sponsors on the legislation, had told FoxNews.com Thursday that Republicans hoped to get a significant bipartisan vote in the House in order to put pressure on the White House and challenge the veto threat.

Meanwhile, opponents say the bill would only benefit oil companies.

[mountaineer]

However, the White House has threatened to veto the bill should it make its way to the president’s desk, calling it unnecessary and arguing that the decision rests with the commerce secretary.

What the hell planet are we living on?

[Longiron]

If the RINOGOP supports this it must be wrong. Anything Boehner does is against this country. This will increase gas prices and creste shortages because it will be more profitable to sell offshore. No Havard MBA needed to figure that out. Now, do something energy constructive, Make oil refiners allow to be developed in the US. The EPA has bascially shut this business down. Have all the energy in the world but if cannot refine the oil what good is it? No word on that BOONER. Why? There are a shortage of refineries in the US??? Bad deal as usual for the US. 

[truth_seeker]

Today 235 Republicans support removing the ban, which this WH opposes.

So we have wizards here that take issue since they are obsessed with "Booner" as they call the object of their current obsession.

Longiron, with Obama and the democrats.

[Bigun]

This ban should have been gone years ago but, as usual, the lobby kept it in place else because it suited THEIR  interest and the country be damned.

[Longiron]

Today 235 Republicans support removing the ban, which this WH opposes.

So we have wizards here that take issue since they are obsessed with "Booner" as they call the object of their current obsession.

Longiron, with Obama and the democrats.

Forgot to add and a TRUMP supporter who will be our next POTUS. Basic ECON , supply and demand and the lobby money for the BOONER. But  U get a pass on that???