Bill > HM105

This Memorial urges New Mexico's congressional delegation to advocate for the removal of the federal ban on crude oil exports, a policy originating from the 1970s oil scarcity. The document argues that lifting this ban, which prevents American oil from being sold internationally at competitive prices, would significantly benefit New Mexico by increasing state revenues, creating jobs, and boosting the economy. Furthermore, it contends that allowing crude oil exports would enhance the United States' geopolitical standing by providing allies with a more secure energy source than relying on regions like Russia and the Middle East, ultimately promoting a more robust global free market and benefiting American consumers and trade.