“Officials at the Texas port are rethinking how they use their land amid a flurry of construction by energy companies and soaring volumes of oil and petroleum products moving through the port, Executive Director John LaRue said in an interview with WSJ Logistics Report. A 40% plunge in the price of crude in the last year hasn’t dented traffic, he said.”
The details:
- 560,000 barrels of oil leave the port each day (up from 300,000 barrels a year in 2011)
- Ships head mostly for U.S. and Canadian refineries
- $30 billion in construction projects underway
Texas Oil Boom Fuels Corpus Christi Port Growth | WallStreet Journal