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EEIA, 24 Trade Associations and Unions Urge Congress to Lift the Ban

kreinbihl.jpg EEIA, in a letter to the House Energy and Commerce Committee on behalf of twenty-two national trade associations and two major labor unions, urged action on HR 702, a bill to lift the ban on US crude oil exports.

The letter was submitted in connection with the Committee's hearing July 9 on HR 702, at which EEIA member Mark Kreinbihl, Group President of Gorman-Rupp Company, testified for the shale energy supply chain.

The letter stated that opening global markets to U.S. producers will support added domestic production that will create hundreds of thousands of new jobs and contribute tens of billions of GDP dollars in the supply chain within the next few years, the groups wrote to leaders of the House Energy and Commerce Committee.

At the same time, we will put downward pressure on domestic fuel prices, while we provide our allies and trading partners with an alternative to sourcing energy from unfriendly and unstable sources, they said.

Click Here to View/Download EEIA Letter

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