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Oil and gas flow to Texas coast spawns building and tension – Texas Beach Homes

Oil and gas flow to Texas coast spawns building and tension – Texas Beach Homes | Texas Coast Real Estate | Scoop.it

Exxon Mobil Corp. is moving forward with plans to build the world’s largest ethane steam cracker plant on a 1,400-acre plot of bucolic farmland just north of Corpus Christi following a six-month battle that left the 20,000 residents of Portland divided.

 

The Texas Enterprise Fund awarded $6.4 million to Exxon and SABIC for the project, according to a statement released Wednesday. Abbott said the decision “is a tremendous win for not just San Patricio County, but for the entire state of Texas.

 

Cinnamon Shore, a successful new beach home community on Port Aransas, Mustang Island, has big development plans of its own, hoping to build 1000 more luxury beach homes in a new urbanism community design over the next twenty years following demand. That’s new for the Texas coast and popular with San Antonio and Austin residents both for vacation rentals and as a long-term investment.

 

We’re seeing massive buildout, Export infrastructure, chemical infrastructure, tourism development, you name it.

 

What’s the future on the Texas coast, more Port or Resort?

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Climate change | reduce CO2 in atmosphere

Climate change | reduce CO2 in atmosphere | Texas Coast Real Estate | Scoop.it
A new US study says that several low-cost technologies can be deployed right now to limit global warming.

 

The National Academies study says that by creating new wetlands and restoring and protecting these fringe areas, there is the potential to more than double the current rate of carbon extracted from the atmosphere.

 

What's more the study says that this is quite a cheap option, where carbon can be captured for around $20 a tonne.

 

The downsides, though, are that these coastal ecosystems are some of the most threatened areas on Earth, with an estimated 340,000 to 980,000 hectares being destroyed each year.

 

When you degrade these areas, instead of soaking up CO2 they themselves become significant sources of the gas.

 

Other problems are that rising seas around the world might swamp and destroy marsh lands. Another restriction is that there just aren't enough coastal areas.

 

"Although coastal engineering is very expensive, coastal blue carbon is probably about the lowest cost option that we've got," said Prof Stephen Pacala, from Princeton University, who chaired the report.

 

"The problem is that the total capacity is not that large."

 

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Affluent Buyers Outnumber Sellers

Affluent Buyers Outnumber Sellers | Texas Coast Real Estate | Scoop.it

Globally, nearly 40 percent of high-net-worth individuals are ready to buy in the next three years while 23 percent are looking to sell, according to Luxury Portfolio International‘s 2018 Global Luxury Real Estate report.

By region, the most active buyers are the affluent in the Middle East, where 71 percent of high-net-worth individuals are looking to buy, according to the report, entitled “Luxury Real Estate: What Matters Most To Today’s Global Elite.”

 

In North America, the numbers are less bullish 30 percent of the intend to buy in the next three years and 25 percent want to sell.

The number of high-net-worth buyers (38%) and sellers (23%) is similar to 2016 levels. Last year, buyers hovered at 32 percent while sellers stood at 26 percent, according to the report.

The “mismatch in purchase intent” this year will result in higher prices, less inventory and a hesitation by sellers as they try to find new homes in markets such as San Francisco, Hong Kong and beyond, according to the report, written in conjunction with research partner YouGov. Luxury Portfolio International is the luxury arm of Leading Real Estate Companies of the World, which represents 565 independent brokerages around the world.

“So much of the coverage we see is about the softening of the luxury property market, but the research shows the growth of the affluent has continued, with nearly 40 percent wanting to buy,” Anton said. “This is tied to growing wealth.”

The most recent Credit Suisse Global Wealth Report showed a net gain in the high-net-worth population increasing 7 percent to 36.1 million people, with a value of $129 trillion, up 10 percent.

The Luxury Portfolio 2018 report focused on a core of luxury home purchasers intending to buy in the $1 million to $4 million range. What triggers a home move for these wealthy buyers? Forty percent of respondents said it was to improve their quality of life, while 34 percent said it was for financial investment. Meanwhile, 24 percent were looking to upsize and 22 percent simply wanted a change of scenery.

The study found differences between the attitudes of wealthy North Americans and their Asian, Middle Eastern and European counterparts.

More than one-third of all high-net-worth individuals (35 percent) believe real estate is the most obvious indicator of wealth, with many European (44%), Middle Eastern (38%) and Asian (31%) individuals saying it was the main indicator. In the United States, by contrast, wealthy individuals said luxury possessions such as jewelry and designer fashion were more obvious indicators of wealth than real estate (32% vs 29%).

The Luxury Portfolio report, meanwhile, also highlighted the importance of the emotional tie wealthy homeowners feel toward their homes, with 78 percent of all those surveyed saying their residence was a home rather than just a house.

When broken down by global region, however, the most important criteria for the majority of American respondents in selecting a home was driven by the physical space, the lot, the location, size and layout of the house.

 

Finding a property that offered them the best value for money was their second most important priority, followed by emotional ties to the property.

Because the real estate market in North America is so competitive, there’s a feeling that Americans need to “put emotion to the side” to make good financial decisions with their real estate purchase and ensure its long-term viability, Anton said.

Unlike their global counterparts, North American high-net-worth individuals are evenly split on their preferences for suburbs (46%) and urban centers (45%). Elsewhere, high-net-worth individuals were less enthusiastic about suburban living, with Europeans (29%) Middle Eastern (13%) and Asian (22%) homeowners all professing a desire to live in cities.

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Among the Ruins of Mexico Beach Stands One House, Built ‘for the Big One’ - The New York Times

Among the Ruins of Mexico Beach Stands One House, Built ‘for the Big One’ - The New York Times | Texas Coast Real Estate | Scoop.it
Hurricane Michael wrecked every other beachfront house on the block, but one came through the storm nearly pristine, as if protected by grace. How did it survive?
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Start of post-Harvey rebuilding programs months away | News

Start of post-Harvey rebuilding programs months away | News | Texas Coast Real Estate | Scoop.it
Fourteen months after Harvey made landfall, the Texas General Land Office, which manages the state’s disaster housing recovery programs, has not yet begun accepting applications for major housing recovery programs.
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Rick Perry to keynote the Business Journals' Eagle Ford event

Rick Perry to keynote the Business Journals' Eagle Ford event | Texas Coast Real Estate | Scoop.it
U.S. Secretary of Energy Rick Perry will deliver the keynote address at an event in San Antonio to commemorate the 10th anniversary of the first well drilled in the Eagle Ford Shale.
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The Federal Energy Regulatory Commission releases new timelines for reviewing LNG export projects (Slideshow)

The Federal Energy Regulatory Commission releases new timelines for reviewing LNG export projects (Slideshow) | Texas Coast Real Estate | Scoop.it
Decisions by federal regulators on six liquefied natural gas export terminals planned in Texas will have to wait until next year, according to new timelines released by the agency reviewing 12 pending permit applications.

Officials with the Federal Energy Regulatory Commission, or FERC, informed the 12 companies about the new timelines in letters issued Aug. 31. Combined, the projects represent the production and export of more than 133.4 million metric tons of LNG per year.

Applications for at least four of the proposed LNG export terminals are more than two years old.

“Our responsibility over LNG applications is to assess the environmental effects, safety and engineering of LNG facilities in a timely manner in accordance with our statutory obligations," FERC Chairman Kevin McIntyre said. "Our recent streamlining efforts will provide all LNG stakeholders additional regulatory certainty and help minimize undue administrative burdens.”

Six of the applications are for projects planned in Texas, where record production in the Eagle Ford Shale of South Texas and the Permian Basin of West Texas has created a surplus of natural gas. Most of the planned exports will go to Asia and Europe.
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Labor Day Ad about the Texas beach

Labor Day Ad about the Texas beach | Texas Coast Real Estate | Scoop.it
Leave everyday stress at home and escape to Mustang Island for a Labor Day getaway. No matter the age or interests of beach travelers, Cinnamon Shore offers something for everyone, whether it’s enjoying s’mores on the lawn after the shrimp boil at C Bar and Café or karoaking poolside after a day full of sandcastle lessons.
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REALTORS® Score Big Win on Business Income Deduction

REALTORS® Score Big Win on Business Income Deduction | Texas Coast Real Estate | Scoop.it

The National Association of REALTORS® made a forceful case—that limitations on service businesses were not intended by Congress to apply to real estate professionals.

 

  • And that’s the interpretation the IRS has ended up taking. NAR “met with [the Office of Management and Budget] and Treasury Department officials to discuss proposed rules outlining computation of the new write-off for pass-throughs,” Bloomberg News reported.

  • The new deduction is available for tax years beginning after Dec. 31, 2017. You’ll be able to claim it for the first time on the 2018 federal income tax return you file next year.

 

Yes, but what does NAR have to say about ZIllow's recent moves that puts them in direct competition with agents?

 

There’s a general sense that the internet should do more than entertain window shoppers and generate leads for agents. It should actually make it easier and cheaper to sell a house. There’s just one issue: No one has figured out how to bypass the local real estate agent yet.

 

“The old idea that real estate is never going to change, that we’re going to pay 6 percent, is completely untrue,” argues Glenn Kelman, the CEO of Seattle-based Redfin, a publicly traded brokerage whose calling card is lower commissions.

 

Redfin’s low-fee model relies on an army of in-house agents who trade typical commissions for the volume that’s possible with internet-generated leads. A Redfin world isn’t a world without real estate agents, but it is one where fewer agents do more. The nation’s 1.4 million working real estate agents do not particularly like Redfin.

 

Zillow aims to finish the year with 300 to 1,000 houses in its inventory. In the long term, the company imagines using its extensive reach to make it possible for families to easily coordinate sales and purchases, even across cities, eliminating the uncertainty that accompanies a move.

 

  • There’s another trend that explains Zillow’s logic—and that of a handful of other startups willing to engage (and able to secure funding) in the capital-intensive business of buying houses.Before Zillow announced its big push into flipping this spring, it ran a trial program called “instant offers” in Las Vegas and Orlando, working exclusively to sell houses to investor-buyers like Invitation Homes, one of the country’s largest single-family landlords.
  • Zillow also isn’t the first company to try acting as a middleman. San Francisco–based Opendoor has made tens of thousands of offers on homes, mostly in Sun Belt cities like Phoenix and Dallas.
  • The company’s rapid appraisals make it possible for sellers to skip agents on the first transaction, and after doing some small renovations (paint, HVAC, basic repairs),

 

Opendoor’s “All Day Open House” allows buyers to find and unlock the house themselves with a smartphone. Easy, right? And yet most of them come with an agent, and the company says it’s one of the biggest payers of commissioners in its markets today.

 

Why hasn’t the internet cut out the agent, even as houses sell to internet companies with the click of a button? In part because consumers aren’t really trying to inject any startup pizzazz into the largest (and most complex) transaction of their lives.

 

Local knowledge remains invaluable.

 

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Climate change: Our plans are in pieces as killer heat shreds records

Climate change: Our plans are in pieces as killer heat shreds records | Texas Coast Real Estate | Scoop.it
Despite a deadly summer and science linking extreme weather events to global warming, the politics around climate change are in disarray and the planet is in worse shape than ever.
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Port Aransas Residents Fear Environmental Impact Of Proposed Oil Export Terminal

Port Aransas Residents Fear Environmental Impact Of Proposed Oil Export Terminal | Texas Coast Real Estate | Scoop.it
The terminal proposed by the Port of Corpus Christi, would be able to host the largest oil tankers.

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Savor the Last of Summer with These 4 Family-Friendly Adventures on South Padre Island - Texas Highways

Savor the Last of Summer with These 4 Family-Friendly Adventures on South Padre Island - Texas Highways | Texas Coast Real Estate | Scoop.it
Much as you’d like to summon the proverbial “lazy days” the season suggests, it’s often a stressful—and expensive—juggle of child care, camps, an
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Trump’s border wall could force a beloved Texas state park to close 

Trump’s border wall could force a beloved Texas state park to close  | Texas Coast Real Estate | Scoop.it
Environmentalists and scientists have repeatedly warned the wall will harm biodiversity.
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5 Tips For Giving Smaller Spaces Bigger Buying Potential

5 Tips For Giving Smaller Spaces Bigger Buying Potential | Texas Coast Real Estate | Scoop.it
Real estate is all about location. People pay more for homes in their ideal communities. Whether it’s a great school district or the home’s proximity to shops, restaurants, entertainment or other amenities nearby, showcase attractive elements of the neighborhood.

Get the buyer thinking about the value of all the places and destinations within a walk or short drive of their future home.
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Rail News - Feds award Texas $10 million to shore up two Gulf Coast ports. For Railroad Career Professionals

Rail News - Feds award Texas $10 million to shore up two Gulf Coast ports. For Railroad Career Professionals | Texas Coast Real Estate | Scoop.it
The U.S. Commerce Department's Economic Development Administration (EDA) is awarding $10 million in grants to Texas to improve critical port infrastructure to support business development and disaster resiliency following Hurricane Harvey.

The projects are expected to create and retain more than 15,000 jobs and spur $9.8 million in private investment, according to an EDA press release.

"These grants will help local leaders strengthen the infrastructure of the ports of Beaumont and Port Arthur to accelerate recovery efforts and boost the state's economy," said U.S. Commerce Secretary Wilbur Ross.

Grant recipients and their projects were:
• The Port of Beaumont Navigation District in Beaumont, which will receive $5 million to reconstruct three docks in support of the Main Street Terminal 1 Dock Project. The improved infrastructure will allow for additional cargo.
• The Port of Port Arthur Navigation District, which will receive $4.8 million to make rail, storm drainage and roadway improvements to increase capacity and promote economic resiliency in southeast Texas.

"The Port of Beaumont and the Port of Port Arthur are two critical ports on our Texas Gulf Coast," said U.S. Rep. Randy Weber (R-Texas). "As the busiest military cargo port and a major break-bulk port, respectively, these two ports matter a great deal to our national economy and security. Harvey did damage to much of our region, and with these grants, we are getting our ports back in their best working condition."

The Port of Beaumont Harbor Island Marine Terminal connects with Union Pacific Railroad, Kansas City Southern and BNSF Railway Co. Port of Port Arthur directly connects to KCS.

Through reciprocal switching and trackage rights, the Port of Port Arthur handles cargo connections to the east with Norfolk Southern Railway, and to the west and northwest with UP and BNSF. Tex-Mex Railway, a subsidiary of KCS, extends the port's services to Mexico.

Harvey made landfall in Texas as a Category 4 hurricane on Aug. 25, 2017. The storm caused about $125 billion in damage.
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How a Home Was Built To Survive Hurricane Michael

How a Home Was Built To Survive Hurricane Michael | Texas Coast Real Estate | Scoop.it

While the hurricane devastated buildings across the panhandle, the Sand Palace managed to weather the storm. 

 

Thick concrete with rebar and steel cables. Extra tall pilings. And a roof meant to keep out the wind.  Those are the things that allowed one home in Mexico Beach, Florida, to remain standing even as Hurricane Michael obliterated most of its neighbors.

 

The walls are made of poured concrete reinforced with steel and rebar, the Times reported. The home’s Facebook page also states that it employs insulating concrete forms, or ICF, a construction method that involves stacking a series of modular units, sometimes made of polystyrene or other lightweight materials. The units interlock and are then filled with concrete.

 

ICF construction emerged after WWII and involves pouring concrete in place at the construction site. It is generally more resistant to storms and other common household problems such as mold and pests than traditional wood construction.

 

The Sand Palace also sits high above the ground on concrete pilings that keep it safe from flood water and storm surge. The concrete extends deep into the ground to anchor the building in place, and the roof reportedly is designed to block out wind so it can’t be torn away from the structure. 

 

Lackey and King did not say what it cost to build the Sand Palace. Their architect, Charles A. Gaskin, told the Times that building a home to withstand such powerful forces doubles construction costs per square foot.  Lackey told the Times that the idea was to “build a house that would survive for generations. King reportedly added that he believes the planet is getting hotter and storms are intensifying, “so people who live on the coast have to be ready for it. 

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2019 Temperatures Will be More Chilly in the South

2019 Temperatures Will be More Chilly in the South | Texas Coast Real Estate | Scoop.it
A much different temperature regime is expected as we approach the start of winter.
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As its beaches recede, Florida shores up private ownership - CSMonitor.com

As its beaches recede, Florida shores up private ownership - CSMonitor.com | Texas Coast Real Estate | Scoop.it
A new law passed in March sets limits on public access to private beaches. Some conservatives say private beaches should be sacrosanct, pitting them against advocates for customary-use access along Florida's coastline.
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Bechtel moving forward with engineering, procurement for Train 3 at Cheniere Energy's (NYSE Amex: LNG) LNG export terminal in Corpus Christi

Bechtel moving forward with engineering, procurement for Train 3 at Cheniere Energy's (NYSE Amex: LNG) LNG export terminal in Corpus Christi | Texas Coast Real Estate | Scoop.it
Cheniere Energy Inc. has told the general contractor for its Corpus Christi LNG export terminal to move forward with a project to build a third liquefied natural gas processing unit on the site.

Houston-based Cheniere Energy (NYSE American: LNG) gave general contractor Bechtel Corp. a limited notice to proceed for engineering, procurement and construction on an LNG processing unit that will be known as Train 3, CEO Jack Fusco confirmed during a Feb. 21 call with investors.

"Train 3 engineering has progressed to 25 percent complete. Ground and foundation work have begun, and most importantly, the train construction cost, schedule and performance are fixed," Fusco said during the call.

Cheniere entered into deal on Dec. 12 with San Francisco-based Bechtel, setting a $2.36 billion budget for Train 3, a filling with the U.S. Securities and Exchange Commission shows.
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Mr. Trump, NAFTA 2.0 Must Promote Natural Gas Trade With Canada

Mr. Trump, NAFTA 2.0 Must Promote Natural Gas Trade With Canada | Texas Coast Real Estate | Scoop.it

Most Americans probably don't realize that although U.S. natural gas production has surged almost 40% since our shale revolution took flight in 2008, we still import a lot of gas from Canada.

 

  • Canada is our largest energy partner, with energy constituting 20% of all trade that we get from Canada. We are a net energy importer from Canada. 
  • Canada has nearly unlimited oil and gas deposits, and importing nations around the world are seeking out the country to supply. 

 

 

Ultimately, the Canada-U.S. gas trade is a prime example of why we must continue to collaborate with our North American allies.

 

With Russia joining forces with China, and Iran joining forces with India, a cooperative North American energy sector is the ultimate ideal.  "Canada is North America's Great Oil Security Blanket."

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NC beach homes and coast are ‘doomed’ and residents need to get out, scientist says : collapse

NC beach homes and coast are ‘doomed’ and residents need to get out, scientist says : collapse | Texas Coast Real Estate | Scoop.it

Resource depletion and ecological breakdown leading to the end of civilization.

 

An award-winning Duke University professor emeritus of geology, who is also the founder and director emeritus of the Program for the Study of Developed Shorelines at Western Carolina University, Pilkey doesn’t mince words when it comes to sea level rise.

 

These beaches are doomed,” Pilkey has said, multiple times — most recently in The Washington Post and in an interview with The News & Observer. “The buildings are doomed, too

 

So come to the Texas coast

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Should Texas fund SpaceX Another $5 Million for the new  Brownsville-South Padre Spaceport? 

Should Texas fund SpaceX Another $5 Million for the new  Brownsville-South Padre Spaceport?  | Texas Coast Real Estate | Scoop.it

Private space exploration company Space Exploration Technologies, or SpaceX, is building a spaceport in Brownsville Texas on the barrier Island across from  South Padre Island.

 

It’s just taking a little longer than expected. Initial projections by SpaceX founder Elon Musk had rockets lifting off from the beachfront site by 2016. That hasn’t happened, despite receiving over $15 million from the state of Texas.

 

SpaceX asked for another $5 million from the state earlier this year. Alexander Salter, assistant professor of economics at Texas Tech University, a fellow at the Texas Tech Free Market Institute and a member of TTU’s brand-new Space Studies Hub.

“The risk,” Salter says of Texas not extending more incentives, “is…losing SpaceX’s business and the employment opportunities that it brings. The cost overrun compared to projected benefits is not out of line for similar projects.”  He says that it’s common for projects of this magnitude to take longer and cost more than initially projected.

While the cause of delay is that clearing the land is taking longer than initially estimated, Prof Salter says that SpaceX has a track record of delivering on projects and commitments, just later than they initially say.  “I do think this is going to happen, just behind the initial schedule.” says Salter.

“I don’t see much of risk of SpaceX pulling [the spaceport],” Salter says, though it’s possible the company could go elsewhere.  And with the growth of the commercial space industry the time to get in is now, not ten years from now when the launch facility is built in another state.  

“The use of public funds to create private benefits lend themselves very easily to abuse,” Salter says. “We always have to make sure that taxpayer resources are being spent effectively.”

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Bigger Oil Pipelines between West Texas and Corpus Christi

Bigger Oil Pipelines between West Texas and Corpus Christi | Texas Coast Real Estate | Scoop.it

Epic Midstream Holdings LP is building its first oil pipeline in America’s most active oil field, west Texas It won’t be finished until next year, but already Epic Midstream is considering making it bigger.

The upstart company, backed by private equity is building a conduit capable of carrying 440,000 barrels a day from West Texas to Corpus Christi on the Gulf Coast. Now, it’s considering enlarging it to 675,000 barrels a day, after interest picked up in recent months.

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Is it a Border Wall or a Fence or a Barrier?

Is it a Border Wall or a Fence or a Barrier? | Texas Coast Real Estate | Scoop.it
In the Border Patrol’s El Paso sector, which includes El Paso County and all of New Mexico, apprehensions of undocumented immigrants declined by 79 percent between fiscal years 2006 and 2017, the third-largest drop among the nine Southwest border sectors. In the most recent fiscal year, the 2,182 El Paso sector agents averaged less than one apprehension of an undocumented immigrant per month.

Drug seizures by agents in the El Paso sector also are down dramatically. “Not only do many border communities like Santa Teresa, El Paso and others already have barriers, fencing and walls, but the El Paso region became one of the safest communities in the country long before the wall here was built,”

 

Escobar said. “The unfortunate byproduct of this kind of pandering is that it feeds misinformation, which then fuels costly and unnecessary expenditures—like troops and new walls at the border—funded, of course, by the American taxpayer (and not Mexico).”

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Climate change would swamp Trump’s border wall

Climate change would swamp Trump’s border wall | Texas Coast Real Estate | Scoop.it
The problem is that the vast majority of that border runs straight down the middle of 1,254 snaking miles of the Rio Grande River — and ever-worsening, climate change-fueled floods greatly complicate any plausible design.

And that’s on top of siting problems so significant Trump’s Interior Secretary Ryan Zinke actually seemed to suggest the wall would be built on Mexico’s side of the river when he told ranchers last week, “We’re not going to put it on our side and cede the river to Mexico.”

Extreme weather and climate change make both the siting and design challenges unimaginably greater.

Consider the devastating Texas flooding in May 2015. More than 35 trillion gallons of water deluged the state. The National Weather Service in Fort Worth tweeted that was enough “to cover the entire state nearly 8 inches deep.”
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