8 Amazing and Tweetable Facts about Texas Oil and Gas Exports
Tue, October 30, 2018
"The U.S. port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil exports were lifted at the end of 2015."
EIA, August 2018
"Over the next few years, millions of barrels of crude produced in the Permian Basin in West Texas and New Mexico will pour into Corpus Christi on its way to seaports in Europe and Asia, making the city the main corridor for U.S. energy exports and giving the region a pivotal role in reshaping global oil markets."
Houston Chronicle, March 2018
"Tax revenue from LNG exports are significant, helping to build additional infrastructure, fund education and support emergency services."
Texans for Natural Gas
"The rapid increase in domestic oil production is reshaping the United States economy and redefining America’s competitive advantages within the global economy."
IHS Economics, February 2016
"With offshore oil production on the verge of a comeback, small communities with strong industry ties like Sabine Pass are looking to benefit from a pending and hoped-for boom."
My San Antonio, September 2018
Texas oil and natural gas exports are benefitting the United States economy in big ways.
"Crude exports from the United States are expected to climb to 4 million barrels a day, reshaping energy markets as the nation expands it share its share of the global oil sales. Much of the exports will flow from Texas shale fields, providing new markets for the Permian’s record output and helping to drive the growth of the Texas economy. Exports bring new money into a local economy — money that can create wealth, fuel new investments and generate jobs."
The Houston Chronicle, October 2018
"The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year."
EIA, September 2018