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    IPAA applauds funding language to lift crude oil exports ban


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    Independent Petroleum Association of America (IPAA) President Barry Russell issued the following statement on welcoming language in the federal government funding bill that lifts the ban on U.S. crude oil exports:

    ¡°IPAA is pleased to see language included in the omnibus funding bill that would lift the trade restrictions on U.S. crude oil exports. American producers have heavily invested in U.S. shale development, which has contributed to 2.1 million American jobs.

    ¡°By passing this legislation and lifting the outdated exports ban, American producers will be able to compete on a level playing field with countries like Iran and Russia, delivering energy security to our friends and allies, advancing the energy revolution that has revitalized our economy, and providing meaningful benefits to families and consumers across the United States.

    ¡°IPAA applauds Congressional leaders from both sides of the aisle for working diligently to ensure this bipartisan measure was included in a final funding package. IPAA urges lawmakers to swiftly pass this important piece of legislation and allow competitive American oil exports that create jobs, grow our economy, and keep energy costs low for American families.¡±

    About the Independent Petroleum Association of America

    The Independent Petroleum Association of America (IPAA) is the leading, national upstream trade association representing thousands of independent oil and natural gas producers and service companies across the United States. Independent producers develop 90 percent of the nation¡¯s oil and natural gas wells. These companies account for 54 percent of America¡¯s oil production, 85 percent of its natural gas production, and support over 2.1 million American jobs.
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