In Texas, energy companies are scrambling to find a home for the record amount of oil they’re producing. The state’s pipelines are at capacity, and there’s a rush to build new ones to get the oil to the Gulf Coast, from where it will be sent around the world. Once the oil hits the coast, however, it could be too much for export docks to handle. Oil exporters are competing to build new facilities to keep that from happening, but the industry also has to navigate the tricky economics of international shipping and volatile oil prices.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.