Wall Street Journal | First Tanker of US Crude Oil for Export Sails From Texas Wall Street Journal President Barack Obama signed legislation lifting the long-standing ban on exporting U.S. oil less than two weeks ago. It was put into place during the mid-1970s in the wake of the Arab Oil Embargo, which caused fuel rationing and price spikes for ... USA an oil exporter for first time in 40 years First U.S. Crude Oil Export in 40 Years Sails from Corpus Christi Here's the first known U.S. crude oil cargo destined for export |