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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.