Oil export capacity of the new Corpus Christi port facilities is soaring... Mike reporting crude exports thru the roof last EIA report here from Mike this week:
Crude exports surged by 1.065 mbd to 4.462 mbd, a record. Product exports were down 57k bpd to 5.672 mbd. The combined crude and product export total was 10.134 mbd, a new record.
Things Have Changed - New Terminals Boost Corpus Christi Crude Oil Exports - RBN Energy https://t.co/qF0kyYKSCD— MidstreamEnergy News (@MidstreamNews) January 3, 2020
Corpus Christi exports are increasing at a rapid rate. From January through August of 2019, Corpus volumes averaged just 532 Mb/d on a monthly basis, according to ship-tracking data from RBN’s Crude Voyager report. Since September, however, that monthly average has skyrocketed to 1.24 MMb/d. And in the past four weeks, export volumes out of the port have been 1.6 MMb/d, 1.536 MMb/d, 1.65 Mb/d and — for the week ending December 27 — 1.257 MMb/d, for an average of ~1.5 MMb/d (top of the right-most bar stack in Figure 1). Those numbers are truly astonishing,
If Iran shuts down the Strait of Hormuz then Trump can now supply China via the Panama Canal which China controls anyway and they have the USDs to pay...
Europe then may be f-ed but Trump is hating them (Merkel) now anyway... and EZ is gonna get all the bad news coming up in Davos Trump is sending all of his hatchet men ... so f them for now...
Winning! Double triggers!!!!
