Sunday, December 4, 2022

Top Story This Past Week — December 4, 2022

So many huge stories over at “Focus on Fracking.”

If I had to pick the top story, this one would be in play:

Biden Admin Quietly Greenlights Plan To Build Huge Gulf Oil Terminal 

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.

Absolutely huge on so many levels. One would have expected this from a GOP president, not a DEM, especially Joe Biden. 

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