SLS 15RS-1197 ORIGINAL 2015 Regular Session SENATE CONCURRENT RESOL UTION NO. 94 BY SENATOR CHABERT CONGRESS. Memorializes Congress to eliminate the current ban on crude oil exports. 1 A CONCURRENT RESOL UTION 2 To memorialize the Congress of the United States to eliminate the current ban on crude oil 3 exports. 4 WHEREAS, the efficient exploration, production, and transportation of oil in 5 Louisiana prevents waste of the state's natural resources; contributes to the health, welfare, 6 and safety of the general public; and promotes the prosperity of the state; and 7 WHEREAS, the tax revenues and economic prosperity deriving from this Louisiana 8 energy renaissance have greatly benefitted Louisiana public schools, higher education, 9 critical infrastructure development, and public health and safety programs; and 10 WHEREAS, improved technologies and abundant resources have made the United 11 States of America the world's leading oil and natural gas producer, overtaking Saudi Arabia 12 and Russia; and 13 WHEREAS, the 1970s-era federal law prohibiting crude oil exports is a relic from 14 an era of scarcity and flawed price control policies; and 15 WHEREAS, allowing American crude oil exports will strengthen U.S. geopolitical 16 influence by giving our trading partners a more secure source of supply, and allowing the 17 export of American crude oil will make our allies less dependent on crude oil from Russia 18 and the Middle East; and Page 1 of 3 SCR NO. 94 SLS 15RS-1197 ORIGINAL 1 WHEREAS, the world's other major developed nations allow crude oil exports, 2 making the U.S. the only nation that does not take full advantage of trading a valuable 3 resource in what is an otherwise global free market; and 4 WHEREAS, crude oil exports will benefit the U.S.'s national security interests by 5 decreasing the likelihood that global oil supply can be used internationally as a strategic 6 weapon; and 7 WHEREAS, numerous studies have found that allowing American crude oil into the 8 world's free market will benefit U.S. trade and American consumers while creating more 9 high-paying jobs for Louisianians; and 10 WHEREAS, the U.S. is the largest exporter of refined petroleum products and would 11 benefit even more substantially from the export of both crude oil and refined petroleum 12 products; and 13 WHEREAS, at least seven independent studies have confirmed that repealing the ban 14 on American crude oil exports will lower U.S. gas prices, benefitting Louisiana consumers 15 and businesses; and 16 WHEREAS, many small and large Louisiana businesses that support oil and gas 17 development will benefit from ongoing production; and 18 WHEREAS, manufacturers will benefit from less volatility in energy costs; and 19 WHEREAS, encouraging a global marketplace that is more free from artificial 20 barriers will economically benefit Louisiana, the rest of the U.S., and our friends around the 21 world. 22 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana memorializes 23 the Congress of the United States to recognize that crude oil exports and free trade are in the 24 national interest and take all necessary steps to eliminate the current ban on crude oil 25 exports. 26 BE IT FURTHER RESOLVED that a copy of this Resolution shall be transmitted 27 to the secretary of the United States Senate and the clerk of the United States House of 28 Representatives and to each member of the Louisiana delegation to the United States 29 Congress. Page 2 of 3 SCR NO. 94 SLS 15RS-1197 ORIGINAL The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by McHenry Lee. DIGEST SCR 94 Original 2015 Regular Session Chabert Memorializes Congress to eliminate the current ban on crude oil exports. Page 3 of 3