Texas Coast Real ...
Follow
10.4K views | +0 today
Texas Coast Real Estate
Texas Coast Real Estate Issues
Curated by Michael Stuart
Your new post is loading...
Your new post is loading...
Scooped by Michael Stuart
Scoop.it!

Housing prices rise, inventory shrinks in Corpus Christi – report

Housing prices rise, inventory shrinks in Corpus Christi – report | Texas Coast Real Estate | Scoop.it

The Corpus Christi Caller-Times reports that the coastal city’s robust housing market shows no signs of slowing, but affordable homes are in short supply. The inventory of vacant homes in Corpus Christi is one fourth the size it was just three years ago, but asking prices have climbed 19 percent over the same period, said Warren Andrich, president and CEO of the Corpus Christi Association of Realtors.

“All things point to a continued favorable housing market,” Andrich told the South Side Business Council.

There are 1,860 houses available in the city as of Thursday, down 74.5 percent from 2011 when there were 7,300 houses on the market. In that time, thousands of job seekers have converged on the Coastal Bend, lured by opportunity from the Eagle Ford Shale energy play. Economists have speculated as many as 10,000 jobs will spring from it over the next five to seven years.

And that has helped drive up home prices.

The average sale price for a home in Corpus Christi was about $190,000 in June, up from $157,000 in June 2009, Andrich said. That’s a 21-percent increase.

“It’s supply and demand,” Andrich said. “We live in a place people want to come, so the demand is high.”

http://www.caller.com/news/building-our-future/realty-chief-discusses-hot-housing-market_93494936

more...
No comment yet.
Scooped by Michael Stuart
Scoop.it!

Texas oil production moving up in world ranking

Texas oil production moving up in world ranking | Texas Coast Real Estate | Scoop.it
Eagle Ford Shale Texas oil production will reach over three million barrels per day, and by the end of this year, Texas’ oil production could exceed the output of every OPEC country but Saudi Arabia.

Schematic section showing the Eagle Ford Shale

The state’s production, driven mainly by the Eagle Ford Shale in South Texas and the Permian Basin in West Texas, will reach about 3.4 million barrels per day, propelling Texas past Iraq and Iran, said Greg Leveille of ConocoPhillips.

Among non-OPEC countries, only Russia, the United States as a whole, China and Canada would exceed Texas’ oil production, making the state the world’s sixth-largest producer.

“This is the greatest comeback story you can possibly imagine,” Leveille said at the Eagle Ford Consortium conference in San Antonio.

  • Leveille said the high crude oil content of the Eagle Ford and the high level of returns that Houston-based ConocoPhillips and other operators are seeing mean it has the greatest potential of all U.S. shale fields.
  • “The Eagle Ford is by far the most important unconventional reservoir play in North America today,” Leveille said.

“We want to talk about the boom without having a bust.” Leveille said the region will see “decades and decades of production.”

  • “What you’re seeing unfold in the Eagle Ford is probably the greatest energy success story we will see in the 21st century,” Leveille said.
  • The Texas Alliance of Energy Producers’ estimates are slightly less optimistic than Leveille’s, but also point to surging production.
  • The industry group estimates the state’s crude oil production rose to 2.7 million barrels per day by the end of 2013 and will cross the 3 million mark before year’s end.

South Texas is transforming alongside the Eagle Ford – a formation that everyone in the industry knew was there all along, but could never tap. Drillers used to talk about getting gas “kicks” while drilling through the shale.

Related articles
more...
No comment yet.
Rescooped by Michael Stuart from The Great Transition
Scoop.it!

The Shale Gas Revolution Developments and Changes

The Shale Gas Revolution Developments and Changes | Texas Coast Real Estate | Scoop.it

In the United States, energy self-sufficiency has increased in importance, making the continuation of the 'shale gas revolution' there more likely.


Shale gas has been a real boom for South Texas with the Eagle Ford Shale Discoveries.

 

Excellent new report from Paul Stevens of Chatham House. One of the most important conclusions: shale gas does not substitute for coal but is a big danger to renewables.


Read Report http://www.chathamhouse.org/sites/default/files/public/Research/Energy,%20Environment%20and%20Development/bp0812_stevens.pdf


Via Willy De Backer
more...
No comment yet.
Rescooped by Michael Stuart from The Great Transition
Scoop.it!

Write-down of two-thirds of US shale oil explodes fracking myth

Write-down of two-thirds of US shale oil explodes fracking myth | Texas Coast Real Estate | Scoop.it

Industry's over-inflated reserve estimates are unravelling, and with it the 'American dream' of oil independence


Via Willy De Backer
Michael Stuart's insight:

Perhaps some plays, but each is different, Eagle Ford Shale Play in Texas continues to exceed expectations.

more...
Willy De Backer's curator insight, May 24, 2014 8:32 AM

Is the American shale bubble going to bust? Nafeez Ahmed provides the facts. But do facts matter for policymakers?

"Despite the mounting evidence that the shale gas boom is heading for a bust, both economically and environmentally, both governments and industry are together pouring their eggs into a rather flimsy basket." Or: the power of lobbying...

Eli Levine's curator insight, May 24, 2014 6:02 PM

The big problem with using a finite energy source: you're eventually going to run out of it.

 

Nature is telling us that it is way past due for us to be getting off of the fossil fuels through the effects we are experiencing from climate change.  The universe itself seems to be telling us that it is time to get off fossil fuels through this development.  Conservatives can't realize and accept that there does come a point when you HAVE to make ACTUAL changes to your regimen in order to survive.  Corporatist Libertarians don't seem to be able to accept or realize that you NEED government to take a proactive role in bringing this about; that the market will not make the changes fast enough or thorough enough to bring about the changes that we need in order to make a significant enough difference in order to survive.

 

Both of these sides are driven by ideology primarily, not by science or fact.  Most of the Liberals and self-described "Progressives" also live only on the plane of ideology and not in the empirical reality that is around them.  This is how they have been so ineffectual at getting anything done to counter the Right and the Corporatist Libertarians when they have the basic outlines of the solutions that people both want and need in order to be well and survive in reality.

 

This is how the species is going to be made to go through a resetting phase, where hopefully, those with the poor brain types will be driven out or killed off by nature in the process of trying to survive and failing to do so.  Quite honestly I don't want to go through this phase myself.  That is why and how I am so vocal with my opposition to both the stupidity and senselessness of all sides in the political arena save for true Progressives and people who put facts and science ahead of personal belief, ideology or identity.

 

Think about it.

 

Because will you likely be among the survivors who are left to pick up the pieces and all of the nonsense that comes with that?  Or will your clueless, ignorant and nonsensing brain lead you and yours into a natural death?

 

Think carefully, because you don't have a choice in the matter.  That is just an illusion and nothing more.

 

Think about it.

Rescooped by Michael Stuart from The Great Transition
Scoop.it!

OECD waking up to climate crisis?

OECD waking up to climate crisis? | Texas Coast Real Estate | Scoop.it

"Ending our reliance on fossil fuels was never going to be easy. Two thirds of electricity generation relies on fossil fuels. 95% of the energy consumed by the world’s transport systems relies on fossil fuels.

I want to be very clear that I haven’t come here to vilify fossil fuels. Much of what we regard as material and social progress has been built on the back of them. They are incredibly convenient. We’ve physically constructed our world around them, and to wean ourselves away from them will mean swimming against very strong tides".


Via Willy De Backer
Michael Stuart's insight:

The Texas coast needs to get ready, some areas, like Corpus Christi will have little effect, but Galveston's west-end and South Padre's north-end will be under water!

more...
Willy De Backer's curator insight, October 12, 2013 4:32 AM

In a lecture in London on 9 October, OECD Secretary-General Angel Gurria warned global leaders that the climate crisis needs to be tackled with more radical and urgent policies (including a high price on carbon and abolishing fossil fuel subsidies). Do some of his remarks indicate a new shift in the global leaders' climate agenda?