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Allow Crude Exports Or Brace For Impact, Pioneer CEO Warns

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By Joseph Markman, Hart Energy
June 19, 2014

HOUSTON--There’s a day of reckoning on the way, cautioned Scott Sheffield, chairman and CEO of Pioneer Natural Resources Co. (NYSE: PXD) If the U.S. does not find a way to export its crude oil, that day will be a painful one.

The Oil and Gas Investor Executive of the Year has made it his mission to educate leaders in Washington about his concerns, which he detailed at Hart Energy’s recent Energy Capital Conference in Houston.

“We’re moving too much sweet crude to the Gulf Coast and the market can’t process ...

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