With U.S. oil now being exported after the lifting of a decades-old ban, U.S. Rep. Kevin Cramer (R-ND) announced this week that Israel will be one destination for the renewed shipments.
The ban was originally put in place through the Energy Policy and Conservation Act of 1975 to address surging oil prices and steep gasoline shortages caused by a Mideast oil embargo stemming from the Yom Kippur War in 1973.
Cramer was optimistic about the benefits these shipments can bring to U.S. allies in the Middle East and in Europe, as they have had to live under "despots and dictators" controlling most of the world's oil.
“Today’s announcement that U.S crude oil is being sent to refineries in Israel on the heels of shipments to Europe shatters the stranglehold OPEC and Russia had on the worldwide supply of energy," Cramer said. "America’s shale oil energy revolution allows us to use the peaceful tools of energy development to replace the weapons of war throughout the world."
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