'..Analysts say future exports appear wide open..'<blockquote>'A tanker of oil from Texas set sail for South Korea late Wednesday night, the first unrestricted sale of unrefined American oil since the 1970s.
How that $40 million shipment avoided the nearly four-decade ban on exporting U.S. crude is a tale involving two determined energy companies, loophole-seeking lawyers, and an unprecedented boom in American drilling that could create a glut of ultralight oil.
The Singapore-flagged BW Zambesi is the first of many ships likely to carry U.S. oil abroad under a new interpretation of the federal law that bars most sales of American oil overseas. Analysts say future exports appear wide open: as much as 800,000 barrels a day come from just one of the many U.S. oil fields pumping light oil.'
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U.S. Oil Exports Ready to Sail,
Tanker of Texas Oil Heading to South Korea in First Sale Since 1970s Embargo July 30, 2014</blockquote>
Context<blockquote>
'The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015..' - '..an end to the ban on exports..''..Building Support for U.S. Natural Gas Export.'(Green Energy Mix) - Biofuel: '..a 10,000 acre Joule plant will produce a reserve value of 50 million barrels, equaling a medium-sized oil field.'</blockquote>