Corpus Christi ship channel widening will allow bigger ships for exporting Texas crude

Fuel Fix:
Millions of dollars in additional federal money may soon flow to the Port of Corpus Christi's project to widen and deepen its ship channel to allow tankers to leave the port with larger loads of crude from Texas oil fields.

The U.S. Army Corps of Engineers said another $23 million has been added to the corps' 2018 work plan for the Port of Corpus Christi's ongoing $327 million channel deepening project.

The project is important to the state's oil industry, which is producing record amounts of crude and exporting an increasing share of it. In 2017, the Port of Corpus Christi exported over 300,000 barrels of crude oil a day, an increase more than triple the 83,500 barrels a day exported in 2016.

The project, when completed, would allow the port to bring in and fully load larger crude oil tankers, further boosting the port's status as a leading crude oil exporter. Some of the largest crude oil tankers — the one million barrel Suezmax and 2 million barrel VLCCs — are only able to partially load in the port. They then finish loading in the Gulf of Mexico.

The additional money comes on top of $13 million that was approved in the Trump Administration's Fiscal Year 2019 budget for the corps.
...
The Port of Corpus Christi is closer to the oil fields in the Permian Basin and Eagle Ford formation in South Texas.  Pipeline companies are also adding infrastructure for getting the oil to the port. ExxonMobile is also adding a pipeline from the Permian Basin to its facilities near Houston.  Exxon is also one of the few companies building large facilities to refine the light crude from the shale wells.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more