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Transcripts For BLOOMBERG In The Loop With Betty Liu 20140625

Companies. Symbolically this is an enormous decision, even if the changes are not felt right away. Pioneer Natural Resources and pipeline operator enterprise now have approval from the commerce for a very light type of oil. It goes through mild processing in order to stabilize it, and then it can be shipped out. When it gets to the destination needs to be refined even further and it can be made into jet fuel or diesel. The u. S. Does not allow crude exports. This really treads the line. Does give the Commerce Department some little room to be able to say that there has been no change in the expert policy export policy but at the end of the day it is oil being exported from the country. As you say, these are just initial steps. Going to mover the needle in terms of exports of oil . Words 50,000 barrels a day will be exported, kind of a drop in the bucket for this market. Will take a while. You have to classify oil correctly and get this into the right barrels. Is this aestion is, precur

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