Wow.. I think this is significant.  After 40 years the US is once again EXPORTING Crude Oil..

http://finance.yahoo.com/news/u-kicks-off-crude-exports-210000781.html

...

While buyers in Japan and South Korea have been willing to trial a U.S. grade of the super-light crude known as condensate, China has already locked in annual contracts with Tehran and is not expected to take any U.S. oil in the short-term.

With U.S. producers looking to open a trade route to sell surplus condensate from the U.S. shale boom, worries about quality and legal issues have added to doubts about how much of the oil the rest of Asia can take.

"China gets condensate from Iran, which is much cheaper than that from the U.S.," said a Singapore-based trader with a European trading company. "They might get involved at a later stage but they will not be at the forefront."

Condensate won export approval from U.S. officials in June as long as it has been minimally processed, softening a decades-old ban on selling U.S. crude abroad.

The light oil can be cracked in a processing plant called a splitter to make petroleum products and petrochemicals, or blended with heavier crude for use in refineries.

...

Mostly talks about China buying from Iran instead.. but..  Still just the fact that we are Exporting $100 /bbl OUT of this country..  "who'd of thunk THAT was possible??"  a few years ago.. ???

So are we Really.. going back to $60 Crude... any time soon..???