Senator John Hoeven will address a large gathering of oil industry leaders this evening, telling them that lifting the 40-year-old ban on exporting crude oil would be good for consumers, good for the Bakken and good for the country. The senator is working to attach a measure that will lift the ban to the new highway bill set to pass Congress this month.
Hoeven will make his remarks at the 2015 Williston Petroleum Banquet, sponsored by the Williston Basin Chapter of API. The senator will join in celebrating the successes of the energy industry in western North Dakota, thank the men and women who work in the Bakken and congratulate those being honored with achievement awards.
"Lifting the U.S. ban on crude oil exports will benefit not only our nation and our allies, but also North Dakota and the men and women in the Williston Basin whose dedication and ingenuity is helping our state lead the nation in energy production," according to Hoeven. "We know you face challenges, and we thank you for your contribution to our state's energy industry. That's why I am working to include legislation lifting the ban in the new highway bill that Congress is on track to pass. It is must-pass legislation, which means it will be hard for the president to veto, and the benefits of allowing crude oil exports are multiple."
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