Jeb Bush to unveil energy plan that calls for end of ban on U.S. oil exports
Jeb Bush in a speech today will call for ending the ban on domestic oil exports, adding his voice to growing calls for an end of the law from the 1970s.
“Lifting the ban on crude oil exports and liberalizing natural gas exports would create hundreds of thousands of additional jobs and significantly lower net energy costs within two years,” reads an outline of Bush’s proposal to be posted today on Medium.
Bush’s plan, which he says is part of a proposal to achieve 4 percent economic growth, also calls easing on restrictions on the export of natural gas, approval of the Keystone XL pipeline and fewer regulations on the energy sector.
Bush will unveil the plan at an event this afternoon at Rice Energy in Pittsburgh.
A number of other Republicans, including Marco Rubio, have advocated for an end of the oil-export ban.In response to Jeb Bush’s energy plan, DNC spokeswoman Christina Freundlich released the following statement:
DNC: “If Jeb Bush’s energy plan sounds like it was written by oil companies and Dick Cheney, it’s because he is relying on former officials from his brother’s administration who would take our country back to the old policies that were in place while hard working Americans were burdened with sky high gas prices. His dirty oil-driven plan has been tried before, and it was disastrous for the American people."