January oil export from Texas first in 40 years from US as ban lifted
Enterprise Products Partners LP, a Texas energy company, plans to load 600,000 barrels of light sweet crude from South Texas into a tanker at its terminal in the Houston Ship Channel during the first week of January.
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|Vitol Group, a Dutch firm, is buying the crude. The crude will be sent to a refinery in Switzerland where a subsidiary of the company owns a refinery according to a source familiar with the company. Jim Teague, chief operating officer, of Enterprise's general partner said:|
“We are excited to announce our first contract to export U.S. crude oil, which to our knowledge may be the first export cargo of U.S. crude oil from the Gulf Coast in almost 40 years.”
Just days after we all were given new hope in Paris, the empire has struck back. Congress’s response to an historic climate deal? Incentivise further oil production. It’s hard to imagine a clearer example of how far politics still has to go on climate in order to catch up with the science.This deal to lift the export ban is a disaster for the climate and for American communities that our children will view as a cynical indictment of a corrupt political system not yet willing to confront the powerful interests behind the climate crisis.