"From the mixing side of things I wanted to get away from the bright, loud, limited of mastering that's happened over the years," he says.
Special exemptions for so-called "master limited partnerships" allow huge chunks of the industry to avoid corporate income taxes.
Some master limited partnerships are growing by adding assets.
Will pipelines still controlled by Enron end up in master limited partnerships?
But energy master limited partnerships, which are traded on the New York Stock Exchange and elsewhere, keep barreling ahead.
John Tysseland, a Citigroup analyst who covers infrastructure master limited partnerships, has a buy rating on Enterprise.
He said he favored investing in transportation, largely through master limited partnerships that own pipelines.
Energy Products Partners, a publicly traded master limited partnership, has a market capitalization more than $50 billion.
Master limited partnerships trade on financial markets like stocks, but they are taxed as partnerships.
Investors in master limited partnerships and REITs still pay taxes on dividends.
