AUSTIN –Texas Public Policy Foundation’s Distinguished Senior Fellow-in-Residence and Director of the Armstrong Center for Energy and the Environment Kathleen Hartnett White issued the following statement on the export of Texas oil following the repeal of the 40-year ban on oil exports:
“The first day of the New Year also marked the first day of a new energy era for Texas, and indeed, the world. On New Year’s Day, the first known shipment of U.S. crude oil left the port of Corpus Christi for international waters only weeks after repeal of the forty-year ban on exporting domestic oil. The first export of liquefied natural gas is also preparing to depart from the port at Sabine Pass headed for Europe. In less than six years, oil and gas independents created the ‘shale gale’ making the United States the world’s largest energy producer. Our country can now take advantage of our dominating supply of oil and natural gas in the world economy. The shale revolution was a private sector achievement led by entrepreneurial oil and gas independents in competitive markets operating under the rule of law. And now the U.S. oil and gas industry can operate on a worldwide scale in energy markets long dominated by a cartel, and create quality domestic jobs, enhancing our national security and our balance of trade, while also providing consumers with abundant low cost energy.”
The Honorable Kathleen Hartnett White is a distinguished senior fellow-in-residence and the director of the Armstrong Center for Energy & the Environment. Former Chairman for the Texas Commission on Environmental Quality (2001-2007).
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.