Yet another “call”, this time from Roll Call, to export energy from the United States and joins many who support lifting the ban and regulations on our energy industry to export. With the U.S. now producing more oil and natural gas than Russian and Saudi Arabia, over 11 million barrels a day, lifting the U.S. oil export ban would:
- Add over $1 trillion in government revenues by 2030.
- Reduce fuel prices at the pump.
- Create 300,000 more jobs a year.
The current hydraulic fracking and American energy boom is reducing oil imports by 22 percent next year. Also, this American energy boom could also reduce the oil imports of European countries. The United States could replace Russia title as “Europe’s gas station” and provide all of Europe’s energy needs.