How China Could Restart The U.S. Oil Export Boom

China may resume purchases of U.S. crude oil and products after the Phase 1 deal Washington and Beijing signed yesterday, Bloomberg reports. The terms of the deal include the addition of U.S. energy exports worth some $18.5 billion this year and another $33.9 billion in 2021. The additional exports span the whole spectrum of fossil fuels and their derivatives, from crude oil and liquefied natural gas, to various fuels as well as coke and coal. Besides the direct beneficial effect on U.S. energy exports, the deal is also positive for several LNG…