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View Diary: Eco-advocates plan opposition to Nebraska Gov. Heineman's okay of new Keystone XL pipeline route (77 comments)

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    Houston and Vancouver are slated for new super tanker loading facilities. SuezMax and PanamaMax sized tankers ply the waters of the US, west and east coast, making local deliveries. Super tankers are used to cross oceans, not to ply coastal waters.

    Syncrude is the biggest product currently coming out of the tar sands. The EU will take light sweet syncrude and Asia will take medium API syncrude.

    The only real question is where will the bitumen be cracked & refined in Alberta Canada or Port Arthur Texas. Since the KXL is being sold as a dilbit carrier, my guess is the bitumen will be cracked in Port Arthur (PAD III), where over the last 7-9 years a bit over a million barrels a day of cat cracker capacity has been built up.

    A light sweet syncrude would be tailor made for EU refineries, 52% of the International market is in light sour crudes, 2% sulfur or more. Offering a light sweet syncrude with an API of 40, you can command prices higher then West Texas Intermediate or Brent.

    Suddenly Alberta light sweet syncrude from tar sands is the benchmark.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu Jan 24, 2013 at 06:31:04 PM PST

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