Exhibit 12.01

NUSTAR ENERGY L.P.

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of Dollars, Except Ratio)

	Nine Months Ended September 30, 2010			Years Ended December 31,
				2009			2008			2007			2006			2005
Earnings:
Income from continuing operations before provision for income taxes and income from equity investees	$	188,916		$	225,791		$	256,994		$	154,913		$	149,885		$	110,069
Add:
Fixed charges		75,273			102,781			113,959			91,594			75,829			46,211
Amortization of capitalized interest		466			553			440			255			126			80
Distributions from joint ventures		7,500			9,700			2,835			544			5,268			4,657
Less: Interest capitalized		(2,484	)		(1,650	)		(5,108	)		(5,995	)		(1,758	)		(1,008	)
Total earnings	$	269,671		$	337,175		$	369,120		$	241,311		$	229,350		$	160,009
Fixed charges:
Interest expense (1)	$	57,389		$	78,622		$	92,971		$	77,584		$	68,241		$	41,616
Amortization of debt issuance costs		773			910			815			1,030			726			622
Interest capitalized		2,484			1,650			5,108			5,995			1,758			1,008
Rental expense interest factor (2)		14,627			21,599			15,065			6,985			5,104			2,965
Total fixed charges	$	75,273		$	102,781		$	113,959		$	91,594		$	75,829		$	46,211
Ratio of earnings to fixed charges		3.6x			3.3x			3.2x			2.6x			3.0x			3.5x

(1) The “Interest expense, net” reported in NuStar Energy L.P.’s consolidated statement of income for the nine months ended September 30, 2010 includes investment income of $103,000.

(2) The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense.