Hoeven Statement on First Export of North Dakota Bakken Crude
WASHINGTON – Senator John Hoeven, a member of the Senate Energy Committee, today issued the following statement after Hess Corp’s sale of Bakken crude for export out of the U.S. Gulf Coast to Europe. It is the first foreign export of North Dakota oil since Congress lifted the ban on exporting crude last December.
“For over a decade we worked to build North Dakota’s oil and gas industry by building a strong business climate in our state, and today we’re the second largest oil- producing state in the nation. Now, we mark another important milestone for North Dakota. Lifting the ban on crude oil exports will create jobs, grow our economy and keep the price of gasoline lower at the pump for consumers. Importantly, it will also bolster national security by providing our allies with alternative sources of oil and free them, as well as us, from reliance on energy from unstable parts of the world. We are just beginning to see the benefits to our state and our nation.”
Hoeven repeatedly called for repealing the ban and worked to get it included in the year-end legislation. The senator cosponsored bipartisan legislation lifting the ban that passed the committee last summer. More information can be found here.
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