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1975 Arab Oil

Reps. fight for oil ban appeal

October 18, 2015 by Archived posts 4 Comments

By Lauren Pratt |Staff Writer| Two hundred and sixty one of 435 representatives took to action Friday, Oct. 9, in attempt to lift a 40-year-old ban on crude oil exports. The has not yet reached the Senate for approval, but in the case that it does, President Barack Obama has stated he will veto the bill. “The country needs to focus more on alternate energy (wind, solar, water),” according to the Washington Street Journal. The Energy Policy and Conservation Act of 1975 was a bill Congress passed used to stifle the harsh impact of future oil embargos (an official ban on trade) by foreign oil producing countries. The bill was enacted due to the aftermath of the 1973 Arab Oil Embargo that … [Read more...] about Reps. fight for oil ban appeal

Filed Under: News Tagged With: 1975 Arab Oil, america, climate change, csusb, economics, gas emission, GDP, Lauren Pratt, oil, oil reserves, wall street journal

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