Buckeye Partners (BPL) 8-K Other Events

Exhibit 12.1

Buckeye Partners, L.P.
Computation of Ratio of Earnings to Fixed Charges
Dollars in Thousands

																Nine Months Ended
	Years Ended December 31,															September 30,
	2005			2006			2007			2008			2009			2009			2010
Earnings:
Income from continuing operations	$	99,958		$	110,240		$	155,356		$	183,159		$	140,982		$	63,278		$	165,283
Equity income (greater than) less than distributions		(1,539	)		596			(135	)		(2,875	)		(2,871	)		(4,750	)		2,220
Less: capitalized interest		(2,325	)		(1,845	)		(1,469	)		(2,355	)		(3,401	)		(2,906	)		(1,710	)
Total earnings		96,094			108,991			153,752			177,929			134,710			55,622			165,793
Fixed Charges:
Interest and debt expense		43,357			52,113			50,378			74,387			74,851			53,780			64,825
Capitalized interest		2,325			1,845			1,469			2,355			3,401			2,906			1,710
Portion of rentals representing an interest factor		2,913			3,432			3,910			6,723			7,052			5,224			5,388
Total fixed charges		48,595			57,390			55,757			83,465			85,304			61,910			71,923
Earnings available for fixed charges	$	144,689		$	166,381		$	209,509		$	261,394		$	220,014		$	117,532		$	237,716
Ratio of earnings to fixed charges		2.98			2.90			3.76			3.13			2.58			1.90			3.31

Computation of Ratio of Earnings to Fixed Charges
on a pro forma basis to give effect to the acquisition
of all of the economic interest in Buckeye GP
Holdings

				Nine Months
	Year Ended			Ended
	December 31,			September 30,
	2009			2010
Earnings:
Income from continuing operations	$	137,365		$	161,148
Equity income (greater than) less than distributions		(2,871	)		2,220
Less: capitalized interest		(3,401	)		(1,710	)
Total earnings		131,093			161,658
Fixed Charges:
Interest and debt expense		75,217			65,141
Capitalized interest		3,401			1,710
Portion of rentals representing an interest factor		7,052			5,388
Total fixed charges		85,670			72,239
Earnings available for fixed charges	$	216,763		$	233,897
Ratio of earnings to fixed charges		2.53			3.24

Computation of Ratio of Earnings to Fixed Charges
on a pro forma basis as adjusted to reflect the
acquisition of an 80% interest in Bahamas Oil
Refining Company International Limited

				Nine Months
	Year Ended			Ended
	December 31,			September 30,
	2009			2010
Earnings:
Income from continuing operations	$	135,276		$	179,399
Equity income (greater than) less than distributions		(2,871	)		2,220
Less: capitalized interest		(6,202	)		(2,588	)
Total earnings		126,203			179,031
Fixed Charges:
Interest and debt expense		103,982			87,938
Capitalized interest		6,202			2,588
Portion of rentals representing an interest factor		9,992			7,897
Total fixed charges		120,176			98,423
Earnings available for fixed charges	$	246,379		$	277,454
Ratio of earnings to fixed charges		2.05			2.82

Computation of Ratio of Earnings to Fixed Charges
on a pro forma basis as adjusted to reflect the
acquisition of a 100% interest in Bahamas Oil
Refining Company International Limited

				Nine Months
	Year Ended			Ended
	December 31,			September 30,
	2009			2010
Earnings:
Income from continuing operations	$	133,779		$	182,498
Equity income (greater than) less than distributions		(2,871	)		2,220
Less: capitalized interest		(6,202	)		(2,588	)
Total earnings		124,706			182,130
Fixed Charges:
Interest and debt expense		110,833			93,076
Capitalized interest		6,202			2,588
Portion of rentals representing an interest factor		9,992			7,897
Total fixed charges		127,027			103,561
Earnings available for fixed charges	$	251,733		$	285,691
Ratio of earnings to fixed charges		1.98			2.76