In case there was not enough material to make 2020 an eventful year, this year also marks the five-year review of the oil pipeline index by the Federal Energy Regulatory Commission (FERC), which has implications for US liquids pipeline rates. Midstream investors likely remember the turmoil of March 15, 2018, when FERC announced a policy revision regarding pipeline rates that sent the midstream space spiraling. At the time, FERC indicated that it would incorporate its policy revision into the 2020 five-year review of the oil pipeline index. Last week, FERC proposed a new pipeline index