Kinder Morgan Inc., the world’s largest pipeline company by market value, is proposing a link that would give the ultra light oil from Texas fields a second path out of the country. The Houston-based company is marketing a pipeline that would be capable of carrying 200,000 barrels a day of oil and 100,000 of ultra light crude known as condensate to central California from Texas, Tom Martin, president of Kinder Morgan’s gas pipelines, said in a presentation on Wednesday. From there the condensate could move to Asia, where petrochemical plants are boosting demand for lighter oil. Condensate has emerged as one of the few exceptions to a four-decade ban that keeps most crude from leaving the country. Federal regulators have been issuing rulings since last year allowing companies to send the processed oil abroad from the Gulf Coast. The proposal is a resurrection of Kinder’s previous plan […]