A mooted border tax would likely strengthen the dollar and may buoy some oil producers. But it could raise US pump prices, be bearish for world crude markets and disruptive to geopolitics, and spark tit-for-tat trade spats.
From opening new areas for drilling to accelerated pipeline permitting to scrapping regulations, there is no lack of speculation about what Donald Trump’s energy agenda will mean for oil and gas. But the most consequential policy change on the horizon is not an energy one at all—it’s rather a major overhaul of the US corporate tax code.
