The Republican presidential candidate Jeb Bush has called for an end to the ban on US oil exports as well as an ease on restrictions on natural gas exports.
The former Florida governor is calling for an end to 1970s-era law prohibiting the US from exporting crude oil.
It comes at a time when domestic petroleum production has grown rapidly over the past 10 years.
In a new piece which was published today on the website, Medium, Bush calls it a “once-in-a-generation” opportunity.
He says the move would benefit US consumers with lower energy costs, create a new manufacturing sector and fuel more rapid growth in the nation’s economy.
The plan is expected to be discussed by Bush at Rice Energy near Pittsburgh, Pennsylvania, on Tuesday.
He has previously called for an energy subsidy rethink and told a group of voters in July he would favour ending government subsidies for all forms of energy.
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