Texas Oil Port Hit by One-Two Punch: Falling Demand and Overproduction [The New York Times]
Phillips 66 (PSX)
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Source: The New York Times
Skip to contentSkip to site indexBusinessToday’s Paper|Texas Oil Port Hit by One-Two Punch: Falling Demand and Overproductionhttps://nyti.ms/3cW0XDgThe Coronavirus Outbreakdebugid:204mentContinue reading the main storySquare FeetCorpus Christi has become the largest energy exporter in the United States, but several expansion projects have been delayed or scuttled, threatening jobs and investments.The Texas Department of Transportation is planning a $1 billion project to replace the Harbor Bridge, which spans the Corpus Christi Ship Channel.Credit...Tamir Kalifa for The New York TimesByKeith SchneiderApril 28, ,CORPUS CHRISTI, Texas — Ever since this Gulf Coast city’s leaders helped persuade the Obama administration and Congress to lift the export ban on liquid fossil fuels in 2015, thePort of Corpus ChristiBut the coronavirus pandemic, which has slammed the brakes on economic activity across the nation, threatens toThe expansion of the port in the years leading up to the crisis produc
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