This blog post was written in collaboration with John Kingston, the Director of Global Market Insights for S&P Global.
The U.S. still imports a lot of crude oil. It also now exports crude oil. It’s also the world’s biggest exporter of petroleum products.
So any change in the country’s corporate tax system that has an enormous shift in the tax treatment of imports and exports is going to have the potential to impact oil flows, and by extension, oil markets.