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Nordic American Tankers Limited Message Board

  • wareham2620 wareham2620 Aug 28, 2013 1:23 PM Flag

    What would the pipeline do to NAT ?

    The Keystone XL would pump 830,000 barrels of oil sands crude per day through America's heartland, connecting crude producers in Canada with refineries and shipping companies in the United States.

    TransCanada would cover all the costs, proponents argue, making it practically a gift to the U.S. oil infrastructure.

    On its way to Nebraska, where it would connect with other, already existing pipelines, Keystone XL would pick up additional oil produced in Montana and North Dakota and stream it south, TransCanada said on its website.

    It would reduce "American dependence on oil from Venezuela and the Middle East by up to 40 percent," TransCanada extols.

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    • wouldnt change much if anything for nat it would be brought down to gulf refined and shipped overseas on product carriers, or on us flagged to other us ports. unless of course lifted restriction on crude export.

      • 1 Reply to bill3442li
      • Bill:

        Your post isn't accurate. It will be crude, not products, and it will be used by the Gulf refineries, not shipped overseas. Wikipedia's description of the project (search Wikipedia, Keystone) says that, and there are numerous other sources online that confirm this online. Obviously, the effect is going to be to reduce demand for Suezmax tankers. Even if the pipeline doesn't get approved, there will be increased shipments as rail shipping is built up. But that is a few years away yet.

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