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Keystone XL Pipeline

THE KEYSTONE 5 KEYSTONE XL'S GREAT ESCAPE FIVE companies have made plans to take heavy crude from Keystone XL Valero Motiva Phillips 66 Total Canadian Tar Sands to American Refineries LyondellBasell to European Consumers Keystone XL's capacity VALERO is the most important of these potential customers 20% KEYSTONE XL IS AN EXPORT PIPELINE (150,000 barrels/day) ALBERTA The Port Arthur refiners at the end of its route are focused on expanding exports to hungry markets like Europe. Much of the fuel refined from the pipeline's heavy crude oil will never reach U.S. drivers' tanks. Since the project was announced, politicians and oil executives have told the public Keystone XL will create energy security and domestic economic growth. The reality of the pipeline is quite different. It will actually expand international business prospects for oil companies. .and is America's largest exporter of oil TAX FREE PORT ARTHUR REFINERY IS IN A FOREIGN TRADE ZONE, THE COMPANY CAN CARRY OUT ITS STRATEGY TAX-FREE. TEXAS Port Arthur in May 2012 2011 VALERO upgraded its refinery in Port Arthur to process TOTAL transformed its Port Arthur refinery to produce heavy and sour crude into transportation fuels namely Diesel !! EUROPE 150,000 THE U.S. OIL MARKET barrels of heavy, sour crude per day May U.S. Energy Information Administration estimates U.S. gasoline demand (million barrels/day) Expanded 2012 Motiva's Port Arthur SHELL refinery to BY 2014 Between 2006 and 2011 Canadian Tar Sands 7,39 YEAR 5.89 production increased This refinery's main products are high-quality diesel and jet fuel SIX HUNDRED THOUSAND -20% 2013 35% YEAR Import Production 2040 growing from barrels of crude per day In 2011 Alberta exported 1.3 million barrels of oil/day 1.12 million barrels VALERO'S PLAN FOR GULF COAST OIL PRODUCTION to over =76% shipped to the U.S. of tar sands oil I-I- 1.7 million barrels THE DIESEL FUEL STORY EUROPE in 2011 Global demand for diesel fuel is projected to rise EIGHTY FIVE % 2/3 OF DIESEL EXPORT GROWTH WENT TO... The company intends to ship its diesel oil to. 77% through of Valero's trade routes 2040 Barrels sits in Alberta 170 Billion LATIN America's net exports of petroleum products (from 335 TO 1,529 MBPD) but there's a lack of refinery capacity in Canada AMERICA EUROPE 500% 2010-2012 Valero will ship American petroleum products to Europe while shipping British petroleum products DIAMOND IN THE ROUGH it is only when that product is introduced into the NO-TAX FOREIGN TRADE ZONES If the final product is then exported the company AMERICAN MARKET to America offer companies special customs allowances when importing manufacturing materials... never pays a duty that a tax is introduced The irony is thick!

Keystone XL Pipeline

shared by jacopoferretti on Jul 21
Keystone is an "export pipeline" that would transport toxic tar sands from Alberta down to a tax-free zone in Texas and out to foreign markets. In other words, the EU, China and Latin America get the ...


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