Plains All American Pipeline LP (PAA) says it should be on the list of companies that can export lightly processed oil from the U.S. The company has all the same assets in place that helped Pioneer Natural Resources Co. (PXD) and Enterprise Products Partners LP (EPD) get relief from 29-year-old crude export restrictions this year, Plains Chief Executive Officer Greg Armstrong said in a conference call with analysts yesterday. “We have the stabilization, distillation towers and the pipeline system all the way to the dock, we can pretty much trace the pedigree of that barrel all the way through,” Armstrong said. “The only thing that might get in our way is political arbitrariness.” Pioneer and Enterprise jolted the oil industry when they said the U.S. Commerce Department issued private rulings allowing them to export ultra-light crude that has gone through a stabilizer that uses a distillation tower. The first […]