"The U.S. is going from basically a zero exporter to being a bigger exporter than some OPEC countries," one analyst said of the project's potential.
Dec. 7 (UPI) -- After three decades of wrangling, Texas officials have approved funding to expand the Port of Corpus Christi, which will widen and deepen its shipping channel -- a project that will have national and international implications.
Every once in a while, a new technological development shakes up a conservative sector. In the oil and gas industry, the shale revolution has changed the business in multiple ways. The U.S. has been transformed from one of the world’s leading oil importers into the world’s largest producer of oil and gas. Fracking in the Permian basin has created bottlenecks as the existing infrastructure cannot cope with rising production. Producers are not able to get all the oil and gas to customers, creating a price differential with the WTI benchmark. On average, shale oil producers in the Permian basin receive $10 to $13 dollars less for each barrel compared to WTI levels.Read more
Texans For Natural Gas
The largest continuous oil and natural gas resource potential ever assessed was just announced by the U.S. Geological Survey (USGS), and it’s located in the Permian Basin. As Interior Secretary Ryan Zinke said of the news,
"Christmas came a few weeks early this year. American strength flows from American energy, and as it turns out, we have a lot of American energy.”Read more
“That whole — suddenly America’s like the biggest oil producer and the biggest gas — that was me, people.”
So said former President Barack Obama at a recent event in Houston. It’s not surprising that any president would want to take credit for America’s resurgence as an energy superpower: It has unequivocally transformed our economy for the better, from reducing energy prices for consumers to enhancing our national security. It has even helped the United States lead the world in reducing emissions of carbon dioxide.Read more
Texans For Natural Gas
With oil production in Texas booming, the Coastal Bend has become an oil hot spot! What does that mean for Corpus Christi residents?Read more
Any discussion about the future of our city would be incomplete without considering the Port of Corpus Christi.
And tonight, as part of our month-long series “Where Do We Go From Here?” anchor Lee Sausley looks at the history of the port and shows how it’s poised for growth.Read more
Low energy prices enhance U.S. power at the expense of Moscow and Tehran.
The most important news in world politics this month isn’t about diplomacy. Bigger than Brexit, more consequential than presidential tweetstorms, the American shale revolution is rapidly reshaping the global balance of power as energy prices plummet.Read more
Booming U.S. oil production is wreaking havoc on the Organization of the Petroleum Exporting Countries’ (OPEC) influence of the international market.Read more
The Wolfcamp shale play has been a key driver of growing oil and gas production in West Texas' booming Permian Basin oil field, according to the Energy Department.Read more
Houston-based Cheniere Energy is expected to export its first shipment of liquefied natural gas from its complex near Corpus Christi Thursday afternoon.Read more
Houston chemical manufacturer LyondellBasell is making steady progress on more than $3 billion in projects on the Gulf Coast.Read more
Texans For Natural Gas | November 14, 2018
The United States is producing record amounts of natural gas, and we’re quickly becoming one of the world’s largest exporters. But what makes it so important? Here are 7 reasons why natural gas is an essential part of our daily lives.Read more
A new report says the U.S. will become a net exporter of petroleum by the early 2020s, the first time since the country would achieve such a feat since at least 1949.Read more
The Austin Chalk. The Barnett Shale. The Eagle Ford. These mighty Texas formations are forever cemented into local lore for the fortunes they’ve created. They’re geological playgrounds, where high-stakes games of hide-and-seek regularly occur between eager risk-takers and a precious commodity silently waiting to seep up from below.Read more
Relentless American shale development is set to allow the U.S. to leapfrog the world’s other major oil and gas producers, with the potential for the country to account for roughly half of global crude and natural growth by 2025, the International Energy Agency said Tuesday.Read more