Foreign Exposure There’s a reason that every President since Nixon has pledged to make the United States “energy independent.” It’s the same reason that drives consumers to more efficient cars. It’s the closest thing to a universal truth in energy markets—that unrest in the Middle East is directly proportional to the price of oil. But … Continue reading →

The Course Change On Tuesday, the Department of Commerce handed down a once-unthinkable decision permitting two US oil companies, Pioneer Natural Resources Co. and Enterprise Products Partners LP, to begin exporting unrefined crude products. The decision specifically allows for the export of condensate, a crude product that’s so light that it exists as a gas … Continue reading →