Enterprise Products First to Export Crude Post-Ban – Implications

The very first shipment of crude oil from America’s shores to another country since the ban on crude exports was lifted two weeks ago in perhaps the worst national budget we’ve ever had (thanks to sell-out Republicans like House Speaker Paul Ryan), will happen the first week of January. Enterprise Products Partners, owner of the ATEX (Appalachia-to-Texas Express) natural gas liquids pipeline, will load 600,000 barrels of U.S. light sweet crude oil at the Enterprise Hydrocarbon Terminal (EHT) on the Houston Ship Channel and the ship will set sail in early January. How will oil exports affect the domestic (and international) oil industry?…

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