
Awash in Oil, Keystone Refineries on Export Overdrive
With refinery exports booming, the Gulf Coast awash in oil and oil companies ditching the tar sands, the energy security case for Keystone XL is more spurious than ever.
With refinery exports booming, the Gulf Coast awash in oil and oil companies ditching the tar sands, the energy security case for Keystone XL is more spurious than ever.
New data from the EIA shows that the President was right to call Keystone XL an export pipeline.
The President was right on Keystone XL being an export pipeline. The Washington Post Fact Checker got it wrong.
Refineries that may be supplied by Keystone XL continue to increase exports. Gulf Coast refined product exports have grown 172% since 2008.
Proponents of the Keystone XL pipeline regularly claim that the pipeline will replace heavy oil from Venezuela and elsewhere if it is built. In fact just this week, Rep. Lee Terry (R-NE) claimed that Venezuela’s recent offer of asylum for whistleblower Edward Snowden is somehow a reason to approve the pipeline. The reality is that crude delivered … Read More
New data reveals that a full 60 percent of gasoline produced at Keystone XL refineries was exported.
Talk of US crude exports apparently reached new heights this week at the Platts North American Crude Oil Marketing Conference, which ends today in Houston. It has been a familiar cry at such shindigs for the past year or so, with the industry increasingly confident to come out in public with the controversial message that … Read More
In the last quarter of 2011, the majority (51%) of the two prime transport fuels produced in Port Arthur and Houston area refineries went to export markets, including 73% of gasoline and 40% of diesel.
Keystone XL will not lessen U.S. dependence on foreign oil, but rather transport Canadian oil to American refineries for export to overseas markets.
Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.