Construction Along The Keystone XL Pipeline

Most Crude Oil Transported via Keystone XL Would Be Consumed in the US: IHS

By On February 24, 2015 4:03 pm


By: Rick Stouffer, Senior Energy Editor, Shale Energy Business Briefing

sebbMost, if not all, crude oil that would be transported via the proposed Keystone XL pipeline to the US Gulf Coast would not be exported, and roughly 70% of refined product derived from it would be consumed in America, according to a new report by analytics/consulting firm IHS.

The report, which analyzes the outlook for oil sands and other heavy crudes in North America, also states the amount of oil sands flowing into the US would still grow regardless of whether Keystone XL is built.

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