Deepwater terminals proposed in the Gulf will fuel oil output and export growth despite...
Dylan Baddour / Inside Climate News
The activists say the terminals, designed to expand the nation’s oil export capacity by 6.5 million barrels a day, clash head on with the Biden administration’s aggressive climate goals for reducing greenhouse gas emissions and would enable decades of growth in U.S. fossil fuel production. Offshore terminals, 30 miles into the Gulf, would allow the world’s largest tankers to draw oil directly from Texas, where oil exports have surged since Congress lifted an export ban in 2015. Currently, a lack of deepwater access is hampering export growth as output from Texas’ Permian Basin sets records and prices soar, requiring smaller ships toThe four proposed offshore terminals, all in Texas, would significantly increase capacity for the U.S. oil industry, whichLast month, the U.S.
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