No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, April 13, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled

by TheAdviserMagazine
11 hours ago
in Business
Reading Time: 4 mins read
A A
A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled
Share on FacebookShare on TwitterShare on LInkedIn



In parched southern Texas, a yearslong drought has depleted Corpus Christi’s water reserves so gravely that the city is scrambling to prevent a shortage that could force painful cutbacks for residents and hobble the refineries and petrochemical plants in a major energy port.

Experts said the city didn’t expect such a bad drought, and new sources of reliable water didn’t arrive as expected. Those problems arose as the city increased its water sales to big industrial customers.

“We just have not kept up with water supply and water infrastructure like we should have. And it’s decades in the making,” said Peter Zanoni, the city manager since 2019.

Corpus Christi, a city of about 317,000 people that also supplies water to nearby counties, is closely tied to its oil and gas industry. The region makes everyday essentials like fuel and steel and ships them to the world.

Zanoni said it is highly unlikely the city will run out of water, but without significant rainfall or new sources, residents may face forced cutbacks and industry may have to do with less. At a time when the Iran war is already raising gas prices, the shortage is hitting an area that produces 5% of the U.S. gasoline supply.

Droughts are common, but this one has dragged on for most of the past seven years. Key reservoirs are at their lowest point ever. The quickest fix is different weather.

“We are actively praying for a hurricane,” former city council member David Loeb said, half in jest. Loeb doesn’t want anyone injured, but after wrestling with previous droughts in his time on the council, he feels the lack of rain acutely.

The drought isn’t expected to lift by summer, leaving officials scrambling to tap more groundwater to avoid an emergency.

Lessons from last time

After the last drought in the early 2010s, the city approved a pipeline extension to bring in more water from the Colorado River and promoted conservation. In the years that followed, water use actually fell. The city, seeing opportunity, added a petrochemical plant and steel mill to its long list of industrial customers.

City officials had allowed for drought in their calculations — just not this kind of drought, Zanoni said. It has hit especially hard because reservoirs never fully recharged after the last one.

And it’s come at a bad time.

After many years, the pipeline extension finally delivered its full capacity only last year. Meanwhile, discussion of building a desalination plant that would remove salt from seawater — a potentially drought-proof solution recommended in 2016 — bogged down over concerns about costs as high as $1.3 billion and environmental impact.

“If the then-city council had followed through on that, we would have had that plant up and running by now,” Zanoni said.

It’s an industry town

Corpus Christi has followed its long-established plan for reducing water use. Stage 1 seeks voluntary actions from citizens like taking shorter showers and limiting how often they can water. Currently, the city is in Stage 3, which means pauses on many outdoor water uses.

Many residents are angry that they can’t water their lawns, that their bills are set to rise sharply and that they may face fines, said Isabel Araiza, co-founder of a grassroots group active on water issues. Some don’t feel industry will be asked to share in the pain, she said.

The city’s drought plan allows for charging residents and businesses extra if they use lots of water. But big industry, which Zanoni says consumes as much as 60% of the city’s water, can opt to pay a permanent surcharge to avoid the possibility of having a much larger fee added in times of drought.

Araiza calls it a bad system. Once industry pays the surcharge, she said, they have no incentive to conserve water.

The city has defended the system, saying in a statement that industry does not “get a pass on water conservation” or forced curtailment. The statement said the business surcharges have raised $6 million a year.

It is wrong to suggest industry isn’t helping, said Bob Paulison, executive director of the Coastal Bend Industry Association. Companies have stopped landscaping, they recycle water for essential cooling needs and they are looking for alternative water sources, he said.

The city hasn’t imposed extra costs on anyone yet.

But Zanoni said water rates may eventually double as the city invests roughly $1 billion on infrastructure — costs that some argue will disproportionately benefit industry and make life for residents more expensive.

What’s the way out?

The city is in a water emergency when it has 180 days before water supply can’t keep up with demand. Officials have run through different scenarios for getting new water and the drought easing, and have said an emergency could come as early as May, as late as October, or not at all.

The city has tapped into millions of gallons of new groundwater, and it hopes to get even more.

The biggest unknown is the Evangeline Groundwater Project, which involves a pipeline and about two dozen wells that could add enough water to head off an emergency. It still needs state approval but the city hopes water could be flowing as soon as November. New sources come with drawbacks – some have raised water quality concerns, and there are worries too much pumping could deplete groundwater.

If the city has to declare a water emergency, it would be able to more aggressively curtail water use – mandatory reductions that would apply evenly to all industry and residents. That is a sensitive decision and is likely to be a “knock-down drag-out bloodbath,” Loeb said.

Because residents on average have already reduced their water use, future mandatory cuts are likely to fall heavier on industry.

“It’ll be an unbelievable disaster,” said Don Roach, former assistant general manager of the San Patricio Municipal Water District that has lots of industrial customers in the area. “When you cut the cooling water off to most of these industries, they just have to shut down. There’s no other way around it.”

Paulison said companies that produce fuel, polymers, iron and steel “have the least amount of flexibility in just cutting water usage.” He added, however, that companies remain optimistic they can reduce usage, adapt and continue operations.

Zanoni said the city’s plans should buy time to avert the worst.

“We are hoping we don’t get there, but we don’t work on hope,” he said.



Source link

Tags: DroughtGasolinehobbledhubmajorproductionrefineriessevereU.S
ShareTweetShare
Previous Post

Hungary Votes For War | Armstrong Economics

Next Post

6 Common Inheritance Mistakes That Spark Family Feuds

Related Posts

edit post
Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why

Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why

by TheAdviserMagazine
April 13, 2026
0

The shares of EV scooter-maker Ather Energy rallied 8% on Monday, despite overall market weakness, while Royal Enfield-maker Eicher Motors...

edit post
FIIs cover short bets as markets rebound, but stay wary

FIIs cover short bets as markets rebound, but stay wary

by TheAdviserMagazine
April 12, 2026
0

Overseas investors’ bearish derivative bets on India fell to the lowest since the West Asia conflict as the market rebound...

edit post
Stock futures sink, oil spikes as Navy looks to block Iran’s exports and break its grip on Hormuz

Stock futures sink, oil spikes as Navy looks to block Iran’s exports and break its grip on Hormuz

by TheAdviserMagazine
April 12, 2026
0

After a week when ceasefire hopes lifted sentiment and stock prices on Wall Street, the U.S. war on Iran could...

edit post
Stock market today: Dow, S&P 500, Nasdaq futures fall as the US and Iran fail to agree to peace, US blockades Hormuz

Stock market today: Dow, S&P 500, Nasdaq futures fall as the US and Iran fail to agree to peace, US blockades Hormuz

by TheAdviserMagazine
April 12, 2026
0

US stock futures slid sharply Sunday evening after President Donald Trump said the US would move to block all maritime...

edit post
Iran’s crumbling economy is the regime’s greatest weakness as authorities worry about making payroll

Iran’s crumbling economy is the regime’s greatest weakness as authorities worry about making payroll

by TheAdviserMagazine
April 12, 2026
0

The Iranian economy was already in shambles before the U.S. and Israel launched their war on the Islamic republic, and...

edit post
RBC Capital Upgrades Asana (ASAN) with a  Price Target

RBC Capital Upgrades Asana (ASAN) with a $7 Price Target

by TheAdviserMagazine
April 12, 2026
0

Asana, Inc. (NYSE:ASAN) is one of the 8 Buy-Rated All-Time Low Stocks to Buy. On April 1, 2026, RBC Capital...

Next Post
edit post
6 Common Inheritance Mistakes That Spark Family Feuds

6 Common Inheritance Mistakes That Spark Family Feuds

edit post
Stock market today: Dow, S&P 500, Nasdaq futures fall as the US and Iran fail to agree to peace, US blockades Hormuz

Stock market today: Dow, S&P 500, Nasdaq futures fall as the US and Iran fail to agree to peace, US blockades Hormuz

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Virginia Permits ADULT MIGRANT MEN To Attend High School

Virginia Permits ADULT MIGRANT MEN To Attend High School

March 30, 2026
edit post
A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

March 30, 2026
edit post
Tax Flight Accelerates In Massachusetts

Tax Flight Accelerates In Massachusetts

April 6, 2026
edit post
Property Tax Relief & Income Tax Relief

Property Tax Relief & Income Tax Relief

April 1, 2026
edit post
Jack Link’s Teriyaki Beef Jerky Multipack (5 count) only .76 shipped!

Jack Link’s Teriyaki Beef Jerky Multipack (5 count) only $3.76 shipped!

0
edit post
I’m in my 30s and the thing I understand now that I couldn’t at 22 is that the people I was most desperate to impress were the ones least capable of seeing me clearly. The approval I chased hardest was always from people who didn’t have the emotional equipment to give it, and recognizing that changed everything.

I’m in my 30s and the thing I understand now that I couldn’t at 22 is that the people I was most desperate to impress were the ones least capable of seeing me clearly. The approval I chased hardest was always from people who didn’t have the emotional equipment to give it, and recognizing that changed everything.

0
edit post
1 Stock to Buy, 1 Stock to Sell This Week: Netflix, Johnson & Johnson

1 Stock to Buy, 1 Stock to Sell This Week: Netflix, Johnson & Johnson

0
edit post
What Is the Most Expensive Housing Rental Market in the DC Area?

What Is the Most Expensive Housing Rental Market in the DC Area?

0
edit post
The Parasitic Kenyan State: Murray Rothbard’s Anatomy of Power and a Decade of Economic Scandals (2014–2024)

The Parasitic Kenyan State: Murray Rothbard’s Anatomy of Power and a Decade of Economic Scandals (2014–2024)

0
edit post
Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why

Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why

0
edit post
Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why

Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why

April 13, 2026
edit post
Latam Seen as Opportunity Land by Investors Navigating War – Finance Bitcoin News

Latam Seen as Opportunity Land by Investors Navigating War – Finance Bitcoin News

April 13, 2026
edit post
What Is the Most Expensive Housing Rental Market in the DC Area?

What Is the Most Expensive Housing Rental Market in the DC Area?

April 13, 2026
edit post
I’m in my 30s and the thing I understand now that I couldn’t at 22 is that the people I was most desperate to impress were the ones least capable of seeing me clearly. The approval I chased hardest was always from people who didn’t have the emotional equipment to give it, and recognizing that changed everything.

I’m in my 30s and the thing I understand now that I couldn’t at 22 is that the people I was most desperate to impress were the ones least capable of seeing me clearly. The approval I chased hardest was always from people who didn’t have the emotional equipment to give it, and recognizing that changed everything.

April 13, 2026
edit post
France – Farmers And Energy Costs Push Toward Confrontation

France – Farmers And Energy Costs Push Toward Confrontation

April 13, 2026
edit post
Goldman Sachs (GS) earnings 1Q 2026

Goldman Sachs (GS) earnings 1Q 2026

April 13, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Ather Energy shares rally 8% while Eicher Motors, Hero MotoCorp shares drop up to 4%. Here’s why
  • Latam Seen as Opportunity Land by Investors Navigating War – Finance Bitcoin News
  • What Is the Most Expensive Housing Rental Market in the DC Area?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.