The first crude oil shipment exported from the United States, after a 40
year ban, left from Corpus Christi, Texas last Thursday.
NuStar Energy and ConocoPhillips loaded a vessel with light crude oil
pumped from the Eagle Ford Shale of South Texas at NuStar’s North Beach
Terminal at Port Corpus Christi. The crude is to be sold to the international
trading company Vitol.
"Infrastructure improvements at Port Corpus Christi have placed our port in
a unique position as a critical component in the export of U.S. crude and
condensate. Port Corpus Christi’s deep draft ship channel and strategic
location to some of the largest production areas in the US provides a secure
and competitive supply chain to markets worldwide,” John LaRue, Port Corpus
Christi Executive Director, said in a statement. "Future capital improvements
including deepening the ship channel will accommodate larger vessels that are
required to cost effectively supply US crude oil to global markets.”
As a result of the federal government’s repeal of the 40-year ban on the
export of crude oil, via the last government omnibus spending bill, crude oil
shipments are free to leave the country now.
(
www.dailycaller.com)