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The House subcommittee on energy and power, chaired by
Representative Ed Whitfield, will hone in on the 1975 Energy
Policy and Conservation Act, drafted in response to the 1973 oil
crisis. The law prohibited the export of most crude oil, created
the Strategic Petroleum Reserve and Corporate Average Fuel
Economy rules for cars and trucks, also known as CAFE standards.
"We need to take a comprehensive look at where we came from,
where we are today, and where we want to go from here,"
Whitfield said in a release.
The debate over whether Washington should lift its nearly
40-year crude oil export ban will come sharply into focus in
January, when Republicans take over leadership of both the House
and Senate.
Oil exports champion Senator Lisa Murkowski will take over as
chairman of the Senate energy committee.
In the House equivalent, Chairman Fred Upton - who will retain
the gavel - has said he has not yet made up his mind on the
exports question, but senior committee member Congressman Joe
Barton has voiced his support for lifting the ban.
Energy Information Administration chief Adam Sieminski will
testify at the hearing along with a panel of other experts, who
will be named at a later date.
(Reporting By Valerie Volcovici; editing by Gunna Dickson)
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