Texas hits another milestone in its expanding stellar business environment, as exports of oil from the Texas coast surpass imports for the first time.
Citing the Department of Energy for its information, the Houston Chronicle reports:
In April oil exports in the Houston-Galveston port district exceeded imports by 15,000 barrels a day, and in May that difference grew to 470,000 barrels a day.
Also reported, the Department of Energy credited the growth in exports to infrastructure expansions at Houston and Corpus Christi. Additionally, Port Arthur has recently seen its crude export volume rise.
Speaking to CNBC on the topic during its initial boom, Lipow Oil Associates President Andrew Lipow offered his own reason as to how the Texas Coast has become even more important in the oil world than it already has been:
‘The fact is we’re loading crude oil for export across the Texas Gulf Coast. The biggest issue that exporters are facing is getting oil from the Permian basin to the Gulf Coast because of the lack of pipeline capacity.’
A common contention from those that oppose Texas independence is that the Lone Star Nation lacks the infrastructure to make it on our own. While this assertion is generally without basis, specifically in regard to our energy infrastructure and exporting abilities, an independent Texas would not only be capable of handling its own energy needs but would also be able to sell its services to the Union for the foreseeable future.