ABSTRACT

Serial No. 104-12: Crude Oil Exports, Hearing Before the Committee on Resources, House of Representatives, One Hundred Fourth Congress, First Session on H.R. 70, a Bill to Permit Exports of Certain Domestically Produced Crude Oil, and for Other Purposes, May 9, 1995   [open pdf - 64MB]

This is the May 9, 1995 hearing on "Crude Oil Exports," held before the U.S. House Committee on Resources. From the opening statement of Don Young: "While we have taken steps necessary to reduce our vulnerability to others, we have done nothing to encourage domestic energy production. In fact, production on the North Slope has now entered a period of sustained decline. In California small, independent producers have been forced to abandon wells or defer further investments. By precluding the market from operating normally, the export ban has discouraged production. [...] The ban no longer makes sense. Rather than increasing our dependence on foreign oil, it has decreased domestic production and made us more reliant on imported oil. H.R. 70 will allow the market to determine the price and buyer of crude oil. The Trans-Alaska Pipeline will supply the West coast with crude because it is the closest market. The excess that creates a glut would be sold overseas, and the market will take over." Statements, letters, and materials submitted for the record include those of the following: Linda Adamany, Tom Deckard, Nolan W. Hancock, Jerry Hoffman, Kent Jeffreys, Thomas P. Jones Jr., Dan Lawn, Riki Ott, Walt Parker, Stan Stephens, Richard A. Fineberg, Philip J. Loree, Roger Marks, Michael Sacco, Peter A. Sutton, Terry Turner, Douglas P. Wheeler, and William H. White.

Report Number:
Serial No. 104-12
Publisher:
Date:
1995
Copyright:
Public Domain
Retrieved From:
Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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