So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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Alaskan oil was shipped to South Korea this month for the first time in eight years, with the expectation of more orders to come. South Korea is looking to reduce its dependance on OPEC and has started to lay the groundwork for a relationship with the U.S. This comes on the heels of mitigated American export rules, while the U.S. is forecasted to export more energy than it imports by 2025. Shale Boom Redraws Oil Routes as Alaskans Ship to Korea By: Heesu Lee (Bloomberg) For signs of how the U.S. shale boom is transforming the global flow of oil, look halfway across the world at South Korea. The Asian nation, which relies on the Middle East for about 86 percent of its oil imports, is benefiting as new output from Texas to North Dakota displaces the crudes that fed U.S. refineries for decades. South Korea received this month a shipment of Alaskan oil for the first time in at least eight years and may buy more, the importing company said. The country was one of the first to receive