Two-Year Anniversary of End to Oil Export Ban

The two year anniversary of the lifting of the oil export ban is this week.
It was Dec. 18, 2015 when President Barack Obama signed the legislation that had been sent to him by the U.S. House and Senate.
The first shipment of U.S. crude oil left the Port of Corpus Christi, Texas on Dec. 31 of that year.
Since then, the Port’s operations have grown to a point where it is handling 61 percent of the country’s 478 million barrels of crude oil exports.
“The rise of crude oil exports has been a win for the U.S. economy and its trading partners,” said John LaRue, Port Corpus Christi Executive Director.
He said with U.S. oil production on the rise, his operations need to continue to support the sectors.
A report by Energy Analysts International stated that the Port of Corpus Christi will export $5.5 billion in crude oil to U.S. trading partners in 2017.
And a lot of it will have come from Cushing, Oklahoma and through oil pipelines running through the state.