Thankfully, cracks in the export wall are beginning to appear. The Obama Administration, for example, has already loosened the export ban on small amounts of petroleum condensate and exports crude oil to energy ally Canada. And another portent was visible at the end of September, when supermajor Conoco shipped the first cargo of Alaska North Slope crude to Asia in more than 10 years. “It was the first in what Citigroup’s head of global commodities research, Edward Morse, says will ‘become an armada’ of about 100,000 barrels a day. The industry is also increasing pressure on the Obama administration to allow oil exports from ports along the Gulf of Mexico,“ The Washington Post reported.
Missed Opportunities: Why Would the US Hesitate to Claim its Role as an Energy Superpower?
Thankfully, cracks in the export wall are beginning to appear. The Obama Administration, for example, has already loosened the export ban on small amounts of petroleum condensate and exports crude oil to energy ally Canada. And another portent was visible at the end of September, when supermajor Conoco shipped the first cargo of Alaska North…
