RT Nick Szabo (@NickSzabo4)Only a trickle of oil and crucial oil-derived fertilizers and chemical feedstocks are getting out of the Persian Gulf. That little trickle is mostly Iran's oil.One result is that Gulf oil storage is rapidly filling up and Gulf states are starting to radically slow down oil production."The United Arab Emirates and Kuwait have already started reducing oil production as storage runs out, joining Iraq, whose output is now down about 60%. Others may be forced to follow as oil tankers c ...

Core Points - Houston American Energy Corp. (HUSA) has commenced construction on Phase One of its Cedar Port development plan in Baytown, Texas, which includes the Abundia Innovation Center and the R&D Facility [1][2][5] - The Abundia Innovation Center will function as a collaborative office and technology hub, while the R&D Facility will focus on advanced laboratories and pilot-scale systems for waste-to-fuels technologies [4][5] - Completion of Phase One is targeted for Q2-2026, with future phases planned to include an advanced plastics recycling facility [5] Company Overview - HUSA is an independent energy company with a diversified portfolio in both conventional and renewable sectors, having recently acquired Abundia Global Impact Group (AGIG) to enhance its capabilities in converting waste plastics into low-carbon fuels [6] - The strategic acquisition of AGIG reflects HUSA's commitment to addressing global energy demands through a mix of traditional and alternative energy solutions [6]