When U.S. crude oil exports earlier this year hit a record high of 3 million bpd, there was much joy and back-slapping, but amid this joy a few problems have reared their ugly heads, notably pipeline capacity shortages, and perhaps worse, export terminal capacity shortages. There is only one port on the U.S. Gulf Coast that has the capability to load very large crude carriers that can ship as much as 2 million bpd of crude. This is the offshore oil port of Louisiana, and as the Wall Street Journal’s Rebecca Elliot noted in a recent story on the shortage topic, it is mostly used for imports. With production in the Permian booming, producers, traders, and investors are growing increasingly eager to make more export terminals. Reuters reported this week the Carlyle Group had teamed up with the port authority of Corpus Christi in Texas to build what the […]