McCaul to President Obama: Lift Ban on Crude Oil Exports to Mexico

Today, Congressman Michael McCaul (TX-10), along with Congressman Joaquin Castro (TX-20), Congressman Henry Cuellar (TX-28), Congressman Sean Duffy (WI-7), and Congressman Jeff Duncan (SC-3), sent a letter President Obama urging him to lift the prohibition on U.S. crude oil exports to Mexico. Doing so would afford Mexico the same trade exemption granted to Canada thirty years ago. Congressman McCaul and Congressman Castro made the following statements after sending the letter to the President.

McCaul: "Last year, during the first ever trilateral meeting of lawmakers from the U.S., Mexico and Canada, I heard from both my Mexican and Canadian counterparts about the need to tear down trade barriers and improve the flow of energy across the continent. Trading crude oil freely with Mexico in the same manner that the U.S. trades with Canada is not only fair, but it will make the distribution of energy in North American more efficient. Improving energy trade ties will also benefit Texas producers by opening up a new market that is hungry for U.S. crude oil."

Castro: "Mexico is Texas' largest trade partner, and the country's recent energy reforms open the door for our economic ties to expand even further. Lifting these crude oil export restrictions will benefit Texas businesses and workers, boost the U.S. economy, and help North America reach its energy potential."

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