Federal law lacks a clear definition of condensate, a light form of oil found in shale and cleared for exports, a bill tabled by U.S. Sen. Lisa Murkowski read. Murkowski, R-Alaska, chairwoman of the Senate Energy Committee, introduced 17 separate energy measures. Among them, S. 1224 seeks to standardize the federal definition and policies regarding condensate . “Many federal agencies have conflicting definitions of what qualifies as ‘condensate’ and how it differs from ‘crude oil,'” a background on the so-called Condensate Act reads. “In common parlance, one man’s ‘heavy condensate’ is another man’s ‘light crude.'” When last year the U.S. Bureau of Industry and Security, a division of the Commerce Department, […]