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HHC: Port of Houston Enjoying Record Year

For the folks who remain mystified why Houston’s economy has not collapsed with the price of $OIL, please read below. It hasn’t collapsed because the Houston economy of today bears little resemblance to the Houston economy of the 1980’s. In the 1980’s (30yrs ago) the Port of Houston was not significant on a national scale, today is it significant on a global one as it is the #1 US port by foreign tonnage (2014) and #2 overall in the US.

To be sure the oil and gas industry is a significant one in Houston, but its decline over the...