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The U.S. Exported Oil For The First Time In 40 Years And This Is Why You Should Care

This is actually a huge deal. It could change the world economy and alter the global balance of power.

1. The United States exported crude oil on Thursday, effectively ending a half-century ban on selling American oil abroad and opening the door for a radical transformation of the world economy, the Wall Street Journal reported.

The United States exported crude oil on Thursday, effectively ending a half-century ban on selling American oil abroad and opening the door for a radical transformation of the world economy, the Wall Street Journal reported.

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Suhaimi Abdullah / Getty Images

An oil tanker arrives at a port in Singapore in 2013.

2. The BW Zambesi, a Singaporean tanker, set sail from Texas headed for South Korea late Wednesday night, carrying some $40 million worth of American crude oil.

Read more: http://buzzfeed.com/nicolasmedinamora/the-us-exported-oil-for-the-first-time-in-40-years-and-you-r

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