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Studying abroad is becoming increasingly more popular with students all over the world and in every field of study. There are numerous benefits that a student can get from studying abroad including gaining knowledge of another culture, learning a new language, gain international job prospects, and meet new people. However, international students also offer many benefits to the economies of the countries that host them.
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Amidst the overshadowing election events, a Texas company defied the norm and exported domestic oil to a foreign customer, despite the government ban on exporting crude oil. This ban has been in effect since the 1970’s Arab Oil Embargo crisis. The company, BHP Billiton, struck a deal to sell $50 million worth of a lightweight-oil called condensate to foreign purchasers without government approval. This is the first instance where a company has exported US crude oil without the consent of the government. Since the 1970 ban, the US has kept all crude oil within the country and as a result created a huge surplus in storage. With all of this extra oil build up, companies have been longing to sell it and remove the ban. However, this could have big implications for US consumers of oil.
