Oil Spill Keeps Important Shipping Route Closed

Brian Hicks

Written By Brian Hicks

Posted March 24, 2014

A collision between two shipping barges that spilled 4,000 barrels of marine fuel oil into Gulf of Mexico waters is keeping Texas shipping channels closed, authorities report on Monday.

The Houston Ship Channel was closed after an oil barge and cargo ship collided on Saturday and remains closed as of Monday morning. The waterway connects Texas refineries with the open seas of the Gulf of Mexico, and the U.S. Coast Guard classifies it as one of the world’s busiest petrochemical thoroughfares. According to news reports, there are currently no fewer than 60 ships waiting to use the waterway.

It is unknown how long the waterway will be closed, but as of Monday morning there were 24 cleanup ships on site.

The Coast guard said, “Changing currents, winds and weather conditions have necessitated response officials to further extend containment and oil recovery plans further into the Gulf of Mexico and south along Galveston Island.”

U.S. LNG Exports Ahead

Russia’s annexation of Crimea is a major stage in a burgeoning energy war. With the EU and US enacting sanctions against Russia, the potential value of US energy exports rises. Logistically, it’s still not possible yet, but that gives you a good four-year window of opportunity as an investor.

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.