Venezuela biggest beneficiary if Keystone XL rejected: study
Venezuelan oil, which has similar greenhouse gas emissions intensity as the oil sands, will be the biggest beneficiary if the U.S. State Department rejects the Keystone XL pipeline, according to a new study.
“Today, the majority of heavy supply on the USGC [U.S. Gulf Coast] comes from Venezuela (0.8 mbd), followed by Mexico (0.7 mbd); the rest is from smaller suppliers including Colombia and Brazil,” Jackie Forrest and Aron Brady, analysts at IHS CERA, wrote in study published Thursday.
“If Gulf refiners cannot access Canadian heavy oil, the most likely alternative is Venezuelan supply, which is projected to grow based on ongoing investments.”
“The GHG emissions from Venezuelan supply are in the same GHG intensity range as oil sands,” IHS analysts said. “Thus, in a scenario in which incremental oil sands production did not reach the .U.S. Gulf market, there would be little to no change in the overall GHG intensity of the U.S. crude slate.”
IHS has also dismissed the idea that the a Keystone XL rejection would limit oil sands production, noting that other pipeline and rail projects will emerge. More than 61,300 tank cars are under production in North America, with around 20,000 earmarked for Canadian crude, according to Rail Theory Forecast.
Le prince Alwaleed bin Talal de l’Arabie Saoudite dit que le gaz de schiste menace l’économie de son pays.
Une étude montre que le refus de construire le pipeline Keystone XL va avantager le Venezuela.
La gauche est contre le gaz de schiste et le pipeline Keystone XL.