Sept. 15–A bill that will allocate $13 million to the Corpus Christi Channel Improvement Project will soon be sent to President Donald Trump’s desk to sign, Congressman Michael Cloud’s office wrote in a news release Friday.
Cloud, R-Victoria, wrote that he voted to secure the funding because with surging global demand for the United States’ oil and natural gas, vessels must safely navigate the channel to reach the Port of Corpus Christi, the largest exporter of crude oil in the U.S.
The update is an Army Corps of Engineers’ project, and earlier this year, the agency included $23 million for it in its fiscal year 2018 work plan, according to the news release. Cloud wrote that this will fund the second of six contracts and extends the project construction from the entrance in the Gulf of Mexico to Redfish Bay. Anticipated completion of the entire Channel Improvement Project is projected for 2021-2022 and is estimated to increase exports of U.S. produced energy by almost $40 billion.
Texas, Cloud wrote, is the leading oil-producing state and the third-largest oil producer in the world, producing more than one-third of the nation’s crude oil partly because of the reserves in the Permian and Eagle Ford basins. The state is on track to produce more oil than either Iran or Iraq.
“This port project is critical to expanding our energy exports, reducing our nation’s trade deficit, ensuring our allies have access to American oil and gas and creating more jobs here at home,” the congressman wrote.
(c)2018 Victoria Advocate (Victoria, Texas)
Visit Victoria Advocate (Victoria, Texas) at www.victoriaadvocate.com
Distributed by Tribune Content Agency, LLC.