| The defining image of the global energy industry in 2014 has been a tanker loading up with an ultralight form of crude oil known as condensate in Galveston, Texas, bound for South Korea.
The delivery was significant because US exports of crude oil have been tightly restricted under regulations dating back to the 1970s. For most of that period, the restrictions have been an irrelevance: the US was a large and growing importer of both oil and natural gas up until the 2000s.......................................Full Article: Source
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