AUSTIN, Texas—Today, Texas Oil & Gas Association (TXOGA) President Todd Staples issued the following statement in response to calls to issue a diesel export ban.
“Banning exports of diesel would cripple domestic jobs, lead to fuel shortages here at home and put power in the hands of China and Russia by forcing our allies to turn to those countries to meet their needs. America’s energy leadership is needed now more than ever, and the best way to protect Texas and American consumers is to encourage continued investment in infrastructure which means more production, pipelines, processing and refining,” said TXOGA President Todd Staples. “Global disruptions to the supply chain will eventually be resolved and Texas will emerge stronger and consumers better protected than ever. A ban today means a weaker America tomorrow and should be rejected by all Americans.”
BACKGROUND:
During a G20 meeting in Houston last week, U.S. Interior Secretary Doug Burgum stated, “We would consider an export ban if we thought that actually might lower prices, but that’s not the case.”
The G20, or Group of Twenty, is an international forum that brings together major advanced and emerging economies to coordinate global economic policy and address key transnational issues.
The following was published in Reuters on September 14, “Burgum, an appointee of President Donald Trump, said that bans on oil, gasoline or diesel exports could lead to retaliatory actions from other countries…”
U.S. Energy Secretary Chris Wright echoed concerns regarding a diesel export ban on September 17 in an interview with the Daily Caller, where he confirmed that a diesel export ban would force a reduction in refining, due to a lack of domestic pipeline capacity and storage, and result in an increase in fuel prices.
Founded in 1919, TXOGA is the oldest and largest oil and natural gas trade association in Texas, representing every facet of the industry.
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