Bit of a glut in capacity when oil is already crashing..
The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, new pipelines opening in the nation’s most prolific shale basin promise to carry an added 2 million barrels of oil a day to the Gulf Coast. But the extra crude will arrive at a time when existing terminals in the Corpus Christi area can already offer about 300,000 barrels a day of unused capacity. Meanwhile, some of the terminals proposed are being designed to load a supertanker every other day, each capable of carrying 2 million barrels. The result: It’s likely only one or two new terminals are needed, with the edge going to companies such as Enbridge Inc., whose Freeport, Texas, effort could be fed by two pipelines it already owns interests in.
Shale Boom Raises Specter of New Glut: Gulf Coast Oil Terminals
Silicon Valley has rung alarm bells over the Trump administration’s latest salvo in its trade war with China — a threat to put export controls on a wide range of emerging technologies including artificial intelligence and robotics. US technology companies are concerned that the sweeping nature of the commerce department targets, imposed on national security grounds, could undermine the goal of maintaining a US lead in the sector.
Trade war puts US tech sector in line of fire | Financial Times