The U.S. is just beginning an investigative process that may be more significant than any series of events since Watergate or Iran-Contra.
Events unfolding may have a major impact on the policy making apparatus and the balance of power inside the Beltway, as well as have profound global implications.
In all of this, almost without question, we will see effects on market pricing, cross-border transit, and international flash points. All three will have pervasive results for the energy sector.
But we are at a very early stage in all of this. So today I thought it useful to broaden our usual discussion and share, from personal experience, what actually happens when one employs a facility that is being bandied about these days.
I'm talking about the term "scif" (pronounced "skiff"). It's been prominent in the news because of actions by the chairman of the House Intelligence Committee (reviewing documents on the White House grounds) and public interest in how the relevant congressional committees (the House Permanent Select Committee on Intelligence and the Senate Select Committee on Intelligence) review and oversee secure files.
What I'm hearing about scifs today has me concerned…