Biden Quietly Approved 2 Million Bpd Texas Oil Terminal

biden quietly approved 2 million bpd texas oil terminal

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Despite its clear anti-oil stance, the Biden administration has just approved a new oil export terminal for the Texas Gulf Coast, which will become the country’s biggest piece of oil export infrastructure. While the new terminal will add some 2 million barrels per day of new export capacity, the news failed to garner much public attention and the project was green-lighted very quietly, according to the Texas Tribune. The approval comes amid suggestions from Democrats in Congress that the U.S. should curb oil exports to secure local…

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Biden Quietly Approved 2 Million Bpd Texas Oil Terminal

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OILPRICE Biden Quietly Approved 2 Million Bpd Texas Oil Terminal Despite its clear anti-oil stance, the Biden administration has just approved a new oil export terminal for the Texas Gulf Coast, which will become the country’s biggest piece of oil export infrastructure. While the new terminal will add some 2 million barrels per day of new export capacity, the news failed to garner much public attention and the project was green-lighted very quietly, according to the Texas Tribune. The approval comes amid suggestions from Democrats in Congress that the U.S. should curb oil exports to secure local…

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