HOUSTON, September 18, 2015 – The House Energy and Commerce Committee today favorably marked up H.R. 702, which calls for eliminating the United States’ 40-year ban on crude oil exports, the Energy Equipment and Infrastructure Alliance (EEIA) announced.
“We’re getting closer,” said EEIA member Dan K. Eberhart, CEO of Canary, LLC, the largest privately held oilfield services company in the US. “Canary and I have been pushing for an end to the ban for over a year now. We think it’s great that it’s heating up now. In today’s environment, producers need access to the global market more than ever.”
Several amendments were offered during today’s markup session, but only one by Rep. Gene Green (D-TX) was adopted.
Green’s amendment would reaffirm presidential authority over oil exports in times of national emergency. H.R. 702 was favorably reported by a roll call vote of 31-19, with three democrats — Green, Rep. Kurt Schrader (D-OR), and Rep. Tony Cárdenas (D-CA) — voting in favor of the bill.
About Canary, LLC
After ten acquisitions and seven decades, Canary, LLC, is now the largest private wellhead service company in North America and one of Inc. Magazine’s 5000 fastest growing U.S. companies. Canary serves its clients and the public through quality drilling and production services, local charitable endeavors, and educational campaigns concerning our nation’s energy policies. Check out Canary at canaryUSA.com, fb.com/CanaryConnects, or @CanaryConnects.