How Would Repeal of 40-Year-Old Ban on Crude Oil Exports Impact Houston?

There’s proposed legislation in Washington that would repeal a forty-year-old ban on crude oil exports. Two U.S. Representatives from Texas- Congressman Gene Green (D-Houston) and Congressman Joe Barton (R-Ennis) -weighed in during a recent hearing before a House and Energy subcommittee.

Congressman Barton, chief sponsor of the bill, argues repealing the ban on crude oil exports would increase domestic production, create jobs, and decrease the price consumers pay at the pump.

Congressman Green says he has reservations about an outright repeal of the ban.

We talk with Christopher Ross, Executive Professor of Finance at the C.T. Bauer College of Business at the University of Houston, on why  there’s an interest now to repeal a ban put in place forty years ago, and what’s potentially at stake for Houston.