Week In Review: December 14, 2018
Fri, December 14, 2018
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December 14, 2018
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.
The $360 million Corpus Christi Channel Improvement Project is expected to be a boon to Texas oil drillers as large oil tankers will be able to load more than 2 million barrels of crude oil at a time.
The United States will be able to export more than double the amount of liquefied natural gas by the end of next year, a new report from the Energy Information Administration shows.
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.”
Liquefied Natural Gas Exports
Did you know? Nationwide, the LNG export facilities proposed or under construction in Texas could have an economic impact of more than $145 billion.
In Case You Missed It
Have you checked out our What Fuels Texas series? If not, you really should! Visit our video gallery to watch all of the latest episodes.