U.S Begins Oil Export After 40 Years.

-

The United States of America is set to begin export of petroleum after 40 years.
According to the Wall Street Journal;
ConocoPhillips and NuStar Energy LP on Thursday plan to finish loading what will be the first tanker of freely traded U.S. crude oil in 40 years.
The companies have jumped ahead of Enterprise Products PartnersLP, which last week said it would load the first cargo of American crude in Houston during the first week of  January.
It has been less than two weeks since President Barack Obama signed legislation lifting the long-standing  banon exporting U.S. oil., which was put into place during the 1970s.
The first shipment of U.S. crude could sail from NuStar’s dock in Corpus Christi, Texas, as early as New Year’s Eve. ConocoPhillips pumped the oil from the Eagle Ford Shale formation in South Texas.
Vitol Group, a Dutch oil-trading powerhouse, is buying the oil, according to NuStar. Vitol also is buying the oil cargo that will ship from Houston. The company has a subsidiary that owns a refinery in Switzerland.

What does this mean for Oil producing nations and Nigeria in particular? Don't forget to comment.

Comments

Post a Comment

Dont forget to drop a comment.

Popular posts from this blog

ACADEMIC EXCELLENCE By Nweke, Emmanuel Onyekachi PhD

-
Image
Pep Talk Presented to Teenage Church, SpiritBreed Parish, Redeemed Christian Church of God, Ada George, Port Harcourt, Rivers State, Nigeria, Sunday 21st September, 2025 INTRODUCTION If academic excellence is not important, we wouldn’t talk about it. Academic excellence is a tool of posterity, a measure of survival. Everything there is in life revolves around excellence. Technology, for instance is a product of excellence. There is hardly any contemporary or primordial essence of life that is not a derivative of academic or learning excellence. Academics has been used interchangeably as learning. So the Lecture Topic becomes, Learning/Academic Excellence. The idea is to accommodate the facet of teenagers that are learning trade or other informal forms of learning. MEANING OF ACADEMIC EXCELLENCE This is the manifested ability to excel or succeed in academic, educational or scholastic endeavours. Academic excellence is beyond high or good grades but emphasizes more on intellect...
Read more

E-Governance and Effective Job Delivery of Staff in Public Service: A Select of Captain Elechi Amadi Polytechnic, Rumuola, Rivers State, Nigeria

-
Image
 Presented by Nweke, Emmanuel Onyekachi PhD (FCAI/ACIA/ACIMPN/FABS/MNI/MCSR) EXECUTIVE SUMMARY The paper cursorily examined E-Governance and Effective Task Delivery of Staff in public institutions in Nigeria, a select of Captain Elechi Amadi Polytechnic, Rumuola Port Harcourt. It sees e-governance as luxury in part, and a necessity in the other. The paper considered that public institutions such as the listed area of concern could implement e-governance to enhance its staff effective task delivery. Areas of implementation of e-governance included digital correspondence management. E-governance is possible only upon the availability of internet, its ancillaries such as wifi, local networking, resource sharing. The Paper aligned its philosophy to the theories of Diffusion Innovation by Joseph A. Schumpeter and the Modernization Theory by Max Weber. Based on the x-rayed reviews and scholarly empiricism the paper summed that e-governance is a major contemporary evolution which has...
Read more

Plus One or Minus One

-
Image
“What we do for ourselves dies with us. What we do for others and the world remains and is immortal.” Every once in year there is that special day in the lives of everyone. The day we commemorate our grand entries into the world, that reminds us the day we took our first breaths,the day we began our great sojourn, the day our loving mothers travailed in labour and prevailed. The day our tiny crying voices wiped away every pain of delivery our mothers suffered and brought laughter and happiness to everyone around us. The day we mark our birthdays. You would agree with me that birthdays are considered one of the most important days in a person's life. Little wonder people attach so much relevance to it,(some probably more than others).There are plenty relationships that have been strained because one party forgot the birthday of the other or did not mark it in a way that was expected of them. I do not blame them much, a birthday is special and the celebrant ought to be tre...
Read more