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.
Republican presidential candidate Jeb Bush will unveil a national energy plan next week that is a key part of his pledge to spur 4 percent economic growth. The plan, which Bush will detail at a natural gas company near Pittsburgh, is the latest roll-out from the former Florida governor as he attempts to sell himself to voters as the policy heavyweight in the field and steer clear of the personal battles that have erupted in the nomination race as Donald Trump has risen in the polls. Bush’s team will give a sneak peak of the plan to donors on Monday, a day before the candidate discusses it publicly, according to an invitation obtained by Bloomberg. On Tuesday, Bush talks about the plan during a campaign event at Rice Energy Inc., a company based about 35 miles outside Pittsburgh that acquires, explores and develops natural gas and oil properties in the Appalachian Basin, said Tim Miller, a Bush campaign spokesman.
Jeb Bush, the former governor of Florida and republican candidate for the US presidency, has told a group of voters he would favour ending government subsidies for all forms of energy. Bush said this would include oil and gas if he makes it to the White House next year. This video, which was posted online by environmental group 350 Action, shows the brother of former President George W. Bush saying that if he was elected, he would "phase out, through tax reform, the tax credits for wind, for solar, for the oil and gas sector, for all that stuff".
The oil barons have chosen their candidate for president, and it isn’t either of the Texans who are running. Jeb Bush’s campaign disclosed Wednesday donations from pipeline magnate Richard Kinder, “Dallas” heir Ray Lee Hunt, Hilcorp Energy Co. founder Jeffery Hildebrand, fracking billionaire Trevor Rees-Jones, and investing tycoon T. Boone Pickens. Each gave the individual maximum of $2,700 last quarter. The five oil barons all reside in Texas, whose junior senator, Ted Cruz, and former governor, Rick Perry, are also seeking the Republican nomination and have been outspoken industry proponents. Bush, though now a Floridian, of course has deep family ties to the state and the industry.