Bridenstine's Measure Brings Relief For Oklahoma's Oil Producers

  The Oklahoma economy may soon get some free-market relief from the current recession.

Congressional negotiators are sending the White House an emergency massive authorization bill which the president needs to sign, in order to avert a federal agency budget crisis.

 Senator Ted Cruz and Oklahoma's Jim Bridenstine have been pushing
hard for this development. They introduced this measure in a bill, last June.

  While many oklahoma conservatives are cringing at the process (tacking it on as a rider to an unrelated bill), they are jubilant about one aspect. USA's oil would be able to be sold on the world market.

History

  In the mid 70's the OPEC nations were driving up the price of oil, and even launching an embargo against the USA (as punishment for assisting Israel's war effort). President Ford made the fascist move of blocking any USA producer from selling a barrel of oil to any other destination than our own. He justified it as a national security imperative. But at the time, oil producers were enjoying a massive windfall of profits.  All of that has changed over the decades, but the ban never did.
  Senator Ted Cruz and Oklahoma's Jim Bridenstine have been pushing hard for this development. They introduced this measure in a bill, last June.

Houston may soon send out crude oil,
as well as taking in Venezuelan imports

Impact

“This is a major major victory and it was done on a bipartisan basis and a bicameral basis and you don’t normally see that,” Dallas congressman, Joe Barton

  Many economists and market specialists believe the impact of the change will be slow and limited. But it will inevitably impact the USA's influence in oil prices on the worldwide markets. It adds options for producers and distributors. There is no guarantee that the options will be any better, but at least the industry is freer. And constitutional purists will find some solace in that development.
Read more at the Dallas Morning News