Senator Lisa Murkowski, R-Ala., released a report on June 9 advocating for the end of the crude oil export ban. She is the chairperson of the Senate Committee on Energy and Natural Resources.
The report—titled “Rendering Vital Assistance: Allowing Oil Shipments to U.S. Allies“—called for President Barack Obama to end the ban as well as provide oil for allies, such as South Korea, Poland and Japan. As a result, these countries would not depend oil coming from Russia or Iran.
The crude oil export ban was first implemented on Dec. 22, 1975, through the Energy Policy and Conservation Act in response to the 1973 OPEC oil shock. President Gerald Ford signed the legislation into law and said “the long debate over national energy policy” was over. Currently, the U.S. provides an exemption to Canada over crude oil exports and operates an exchange program with Mexico. It additionally exports crude oil to Israel, as part of an agreement, in case the latter suffers from a shortage.