Won't this relaxation benefit LNCO?
Not much, if any. The ruling was limited to a couple of companies operating in the Eagle Ford, and applied to condensate that is modified by two processes.
Aren't those two processes exactly what the LINE processing plant performs?
It won't hurt supply side dynamics, concerning price, Americans should be finishing these products for export, refining jobs going over-seas--we don't want them I guess!
I've been wondering that all morning, to no avail.