BP to export US crude to Canada

[Flesh Thorn]

NEW YORK/HOUSTON – Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

A surge in output from shale oil reserves in the Bakken of North Dakota and Eagle Ford of Texas has raised U.S. domestic production to the highest level since 1995, light, sweet crude that could fetch better prices on international markets. The United States still imports more than 8 million barrels per day, making it the world's biggest importer.

Read more: http://www.foxbusiness.com/news/2012/10 ... z29lwmpwRk

[Jim]

For further export.