How many millions of barrels of crude wont be imported due to oil fracking
i am trying to determine over the next few years how much crude will not be imported into u.s. so less suezmax demand because of domestic fracking. Does anyone know how much of the crude that is imported is sweet versus heavy and what are the possibilities the u.s. may start exporting crude thus using suezmax. Who would have ever imagined. I believe this question of less crude imports into u.s. is the most important question for teekays future.
talked to IR at TNK
no export is expected in the next 5 years (at least)
imports will continue at about current rates - as economy improves but production will increase and cover that growth.
all together TNK estimates current or a bit weaker imports into the US in the next few years
and already developing other markets..
or at least that's what i understand from IR answers :)