Oil World Turns Upside Down as U.S. Sells Oil in Middle East -
"Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month."
Why this is important: Being a kid in the 1970s, it was a foregone conclusion America bought oil from the Middle East. Everybody knew that, and it seemed America would always buy oil from the Persian Gulf states....
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