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 stance on fossil fuels and carbon emissions.
The Department of Transportation’s Maritime Administration (MARAD) 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.
The decision comes as energy prices across the United States have soared, which many have blamed on Biden’s energy policies….}