"That Ship" Arrived Exactly On Schedule -- January 20, 2016

For those who have been wondering, "that ship" arrived exactly as scheduled: today, January 20th. Seeking Alpha is reporting:

• The first export of U.S. crude oil in four decades arrived in Europe early today, reaching the French port of Marseille before sunrise after leaving from Texas nearly three weeks ago, Financial Times reports
• Oil trader Vitol is expected to unload the shipment - a mix of ultralight oil from the Texas Eagle Ford shale formation produced by ConocoPhillips - which will then travel by pipeline to one of two refineries the company operates in Europe under a joint venture with the Carlyle Group
• Energy analysts say it could take a while before the volume of U.S. oil exports expands beyond today’s trickle, as U.S. crude output is expected to fall later this year as producers face shrinking revenues and soaring debt due to plunging oil prices

For background to this story, see this link.

I Can't Forget, Jarvis Cocker, covering Leonard Cohen, from I'm Your Man (DVD)