Wednesday, February 24, 2016

CHANGED THE WORLD

As surely as Vasco da Gama or PQ-17 changed the history of the world, this lone ship made history when she took the first cargo of crude American fracked oil overseas to a foreign refinery on the last day of 2015.

The “Theo T” tanker left Corpus Christi Thursday afternoon with the first known crude oil cargo sold internationally since Congress lifted the 40-year-old ban on crude exports earlier this month. 
San Antonio-based NuStar Energy loaded the oil cargo on New Year’s Eve at its dock at the Port of Christi. While NuStar handled the loading, Houston-based ConocoPhillips sold the crude oil from the Eagle Ford Shale in South Texas to Switzerland-based Vitol, an international trading company that will market the oil globally. 
The Bahamas-flagged Theo T tanker set sail shortly after 3 p.m. Thursday, according to NuStar. The vessel arrived Tuesday in Corpus Christi and is operated by Greece-based Ionia Management. The companies are not yet revealing the tanker’s destination.
To discover whole new worlds right here at home on Earth

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