A Republican Senator John Barrasso has asked US President Barack Obama to lift restrictions on exports of natural gas, oil and coal to countries like India and China. In his speech on the Senate floor in Washington, he said the Obama administration should use its authority to make it easier for the US to export natural gas, oil and coal to American allies abroad. The Senator said, American crude oil exports would boost the world's oil supply, and help stabilise prices for American consumers. He added that, for years, the US has asked Japan and India to reduce their imports of Iranian oil. Now, these are two of the world's largest oil importers.Barrasso said, American crude oil exports could help cut off a vital supply of funding to the Iranian regime. He added that if my colleagues are serious about ensuring countries abide by US sanctions on Iran, they should support American crude oil exports – not oppose them.