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Washington, DC –  U.S. Representative Brian Babin (TX-36) issued the following statement after voting for House-passage of H.R. 702, to Adapt to Changing Crude Oil Market Conditions:

“Lifting this outdated and unnecessary ban on crude oil exports is a win for Texas and America.  It opens up billions of dollars of new economic opportunity for American companies, which will create thousands of good paying jobs.  It will help to stabilize the price of energy on the world market, making sure that gasoline and electricity remain abundant and affordable for hardworking families across America.  And South East Texas is uniquely positioned to be at the center of it all, with the Port of Houston and other facilities in our area uniquely suited to lead America into this new market.  

“Unfortunately, and predictably, the Obama Administration has threatened to veto this bipartisan bill once it passes the House and the Senate.  This is the same Administration that just led the way on a deal to lift the crude export ban that has been in place on the Islamic Republic of Iran, a terrorist sponsoring regime that will use the proceeds from selling crude oil to finance terror and mayhem throughout the world.  Americans deserve better treatment from their President than he is giving to terrorists in Iran, and I believe that if he vetoes this bill, we will override it.”