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Top House Republican: Oil exports 'can be a win'

Zack Colman | Washington Examiner

House Energy and Commerce Committee Chairman Fred Upton issued his strongest comments yet about lifting the U.S. ban on crude oil exports Tuesday, but stopped short of endorsing the end of the 40-year-old policy.

"Oil exports can be a win for the American people and a win for our allies," the Michigan Republican said at a committee hearing, later adding, "The case for creating more jobs by expanding the market for American oil is a key reason why oil exports should be on this committee's agenda this year."

"The chairman's comments reflect one more brick in the foundation of a new American energy policy that is built on abundance and opportunity for U.S. small producers, consumers and American allies," Mike Cantrell, chairman of the National Stripper Well Association, a trade group representing drillers most affected by low oil prices, told the Washington Examiner. Full story