Advocate editorial board opinion: Port expected to add greatly to economic boom
By By the Advocate Editorial Board
June 25, 2011 at 1:25 a.m.
You could say Victoria has an ace in its hand. That ace is the Port of Victoria, which will serve to complete the winning economic spread that is about to be cashed in.
Of course, the "spread" is Eagle Ford shale, Caterpillar Inc., a destination university and numerous other businesses set to move to the Crossroads.
We think the port was among the features that attracted manufacturing to our region.
After all, it provides a triple benefit to moving commodities such as oil, gravel, sand, grain and more via shipping, trucking and rail, depending on where the goods are going - westward, eastward or northward.
Now, because of recent legislation signed into law last week, the port will have more authority. The measure allows the port to quickly issue transportation permits, which otherwise took long periods of time - weeks and in some cases, months.
Companies wishing to expedite transportation of cargo will find this law keenly beneficial to its transports.
Companies drilling in the Eagle Ford shale are finding that barge shipping is a convenient way to get oil to Louisiana. And, consequently, steady increases in the amount of oil being shipped are occurring.
A good example is GulfMark.
The company's president, Geoff Griffith, said GulfMark shipped 90,000 barrels of oil from the port in April.
That amount increased to 150,000 barrels in May, and the amount is expected to continue increasing to 250,000 barrels and more.
The oil goes to East Texas by rail and to Louisiana by barge.
We think the port's business will increase for the next several years. We are thankful for its close proximity and know it plays a big part in our regional economy.
This editorial reflects the views of the Victoria Advocate's editorial board.