US House Republicans' tax reform plan including a border adjustment taxing imports could shift WTI crude oil prices and force refiners to pass higher costs onto drivers. Janet McGurty and Meghan Gordon, senior oil writers, talk with James Bambino, managing editor of Oilgram Price Report, to explain the border adjustment proposal and its potential impacts on upstream and downstream oil markets.
Related blog post on The Barrel: GOP tax reform and what’s at stake for the oil industry
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