Lifting what it describes as an outdated ban on crude oil exports from the United States could bolster energy production and in turn the economy in resource-rich Colorado, according to a coalition of business and economic development leaders in the state.
“We believe this could be a real growth driver for this key industry,” said Jonathan Ekstrom, a spokesman for Vital for Colorado.
There are other potential benefits as well to lifting the crude oil ban, among them increased energy security for the United States and its allies and decreased fuel costs, Ekstrom said.