Trump says the U.S. will open its first new oil refinery in nearly 50 years as the U.S. military avoids bombing Iran’s oil infrastructure

“American energy dominance is back under President Trump” reads a White House statement on the administration’s latest effort to assert energy superiority, in a time when energy costs are soaring and oil stock is dropping. And now, Trump may very well keep his word, by going old-school: backing the first new oil refinery in the country in nearly 50 years.   

As the U.S.-Israeli war with Iran drags into its second week and counting, Trump is feeling the pressure to look for alternatives to Middle Eastern oil supplies, and he may have just found one. He announced on social media on Tuesday that a new oil refinery will open in Brownsville, Texas, and India’s ​Reliance Industries, India’s largest privately-held energy company and the operator of the world’s biggest refining complex, is in talks to back the project.   

The announcement comes as crude oil prices soared up to $114.38 last weekend, and as Trump voters continue to Read Entire Article