4 Points of Import. Texas Ports. New Panama Canal

Texas energy exports: The 1st oil and gas export left the Port of Corpus Christi earlier this year

Energy exports will benefit from the new Panama Canal with its 50 foot drafts.

How the new Panama Canal sets up a quagmire for Texas: Texas ports can only handle a draft of 45 feet.

The funding issue: Most coastal states fund Port maintenance and expansion. Texas does not. It uses user fees and some local property taxes. The cost to expand the Port of Houston is $55-$60 million.

Energy Wire | INFRASTRUCTURE: Texas ports pick up steam as oil and LNG exports ramp up