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Source: PENNENERGY

First Titan Corp. believesthe recent U.S. House of Representatives vote to lift the longstanding ban of exports ofAmerican crude oil could prove quite beneficial for smaller producers likeitself. The company is now intently tracking the legislative scene in Washington and making appropriate strategic plans should the Senate follow theHouse’s lead and send a final bill to President Obama.

The U.S. banned oil exports 40years ago during the height of the 1970s oil crisis. The goal was to protectthe domestic economy and aid the national push for energy independence.However, with oil prices low and independence nearly achieved, many in theindustry and in the political world believe the ban has outlived its usefulness.

Instead ofhelping the economy, businesses and consumers, the ban is actually hurtingall three. One leading economist has predicted lifting the ban will makethe market more efficient while another analyst says the ban discourages investments.

“Lifting theban would greatly help smaller companies like ours because it would give us an expanded marketplace for our oil,” said FTTN CEO Sydney Jim. “Right now, we’relimited in what we can do. With the ban gone, we could easily move oil toplaces more willing to pay a fair price. Free trade is always good business.The domestic oil and gas industry needs this legislation – it would go a longway to easing the current slump and making us more competitive, as well asgreatly aiding our revenue stream.”

First TitanCorp., through its wholly owned subsidiary, First Titan Energy, LLC, iscommitted to the exploration and development of oil and natural gas resources around the globe. The Company continually seeks to partner with energy developersthat are pursuing innovative new methods of oil and gas extraction, includingthe development of new technologies, cleaner methods and unconventional resources.

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投资美国石油俱乐部

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