Even California gets big revenues from oil production..see the nodding noddys around bakersfield.
Posted on 11/26/2022 9:20:53 PM PST by SeekAndFind
The Biden administration has quietly approved plans to build a new crude oil terminal in the Gulf of Mexico off Texas, seemingly in contradiction to the president’s climate agenda.
The Department of Transportation’s Maritime Administration approved the application (pdf) for Enterprise’s Sea Port Oil Terminal, one of four proposed offshore oil export terminals, on Monday.
According to the application, the port will be located offshore of Freeport, Texas. It will have 4.8 million barrels of storage capacity and add 2 million barrels per day to the U.S. oil export capacity.
In its 94-page decision (pdf), the Maritime Administration said that it had approved the application because the construction and operation of the port is “in the national interest and consistent with other policy goals and objectives.”
“The construction and operation of the Port is in the national interest because the Project will benefit employment, economic growth, and U.S. energy infrastructure resilience and security,” the administration wrote. “The Port will provide a reliable source of crude oil to U.S. allies in the event of market disruption and have a minimal impact on the availability and cost of crude oil in the U.S. domestic market.”
The decision states that the project will expand on an existing Enterprise Crude Houston operated terminal located in Houston and will generate 62 permanent jobs over 30 years. Additionally, 1,400 temporary construction jobs will be created, with the majority of the workforce being hired from existing labor pools in Texas and Louisiana, according to the application.
The Environmental Protection Agency quietly issued its approval (pdf) of the project in October but stressed that “more emphasis is needed to ensure that environmental justice and climate change considerations are included in the project for the protection of overburdened communities.”
Read more here...
Also so we can “import” oil from foreign countries instead of supplying our own.
Biden just ‘approved’ Chevron drilling for oil in VENEZUELA——I had no idea he had that kind of power over another country !!!!!!!!!!!
The port will be located *offshore* of Freeport, Texas. It will have 4.8 million barrels of storage capacity.
Hurricane target
They can’t keep stealing elections indefinitely without a sh!t-storm of major proportions. So at some point, they have to let the plebs have some gas. But it’s purely because they’re scared of political back-lash, not out of compassion or even good sense.
Yes, this is a pivot. They will talk green and do draconian green policy internally, but make sure that money keeps flowing internationally. They will do this one day and the next announce some future ban on internal combustion engines domestically. Keep everyone off kilter.
The right “contributions” can move mountains.
FJB. FJB, big time.
I’ve read elsewhere that the new terminal is designed to accommodate VLCC, “Very Large Crude Carriers”, a newer class of tankers that can hold 2 million barrels of crude. Presently the U.S. has only one port they can use.
Biden just ‘approved’ Chevron drilling for oil in VENEZUELA——I had no idea he had that kind of power over another country !!!!!!!!!!!<
He has power over Chevron, a U.S. company. Trump put sanctions on Venezuela. Look them up yourself:
13884 - Blocking Property of the Government of Venezuela - (August 5, 2019)
13857 - Taking Additional Steps to Address the National Emergency With Respect to Venezuela (January 25, 2019)
13850 - Blocking Property of Additional Persons Contributing to the Situation in Venezuela (November 1, 2018)
13835 - Prohibiting Certain Additional Transactions with Respect to Venezuela (May 21, 2018)
13827 - Taking Additional Steps to Address the Situation in Venezuela (March 19, 2018)
13808 - Imposing Additional Sanctions with Respect to the Situation in Venezuela (August 24, 2017)
Biden is attempting to reduce oil prices by allowing Chevron to resume, on a limited basis, operations there that were halted by Trump. Chevron however his prohibited from sharing profits with the nationalized Venezuelan oil company. I don’t expect
Meant to type: “Chevron however is prohibited from sharing profits with the nationalized Venezuelan oil company. I don’t expect that part of the deal to be honored.”
Dr. Jill can’t keep track of everything.
This will be cancelled.
Even California gets big revenues from oil production..see the nodding noddys around bakersfield.
“The port will be located *offshore* of Freeport, Texas. It will have 4.8 million barrels of storage capacity.
Hurricane target”
Exactly. A hurricane resulting in nearly 5 million barrels of oil dumped in the Gulf would embolden those seeking to outlaw fossil fuels.
An EXPORT terminal when we are at $5-$7 gas?
You are correct. This admin is a mirror image of obama and his fellow travelers. Nothing they do is good for this country. Everything they do to us is detrimental to our economy and to our future.
Biden’s lack of logic at work he’s full on idiot.
They build it in the Gulf so he can EXPORT the fuel?
I wouldn’t put it past this administration.
Exactly. That’s why it’s “quiet.” This is for export.
You are VERY close to the mark.
The strategic oil reserves are right there and already connected to the oil pipelines in the area.
They could also convert the area salt domes into storing LPG, as they do in SD in other areas of the country.
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