Trump Iowa $150M fuel refining announcement
von Jolyon: Donald Trump
Iran is playing chicken with peace talks, and that's the backdrop for Trump's announcement out of Iowa: $150M going straight into American fuel refining capacity through the Defense Production Act. He says the goal is to "produce more diesel and more gasoline at RECORD levels." On the Strait of Hormuz blockade, he made clear the U.S. sits on vast oil reserves and will strike back at anyone going after them. Strong words, no question. Whether strong actions follow is the part still up in the air. Writer: Bri
Transkript (en)
using Defense Production Act to release $150 million to increase American refining capacity to produce more diesel and more gasoline at record levels, actually. And the fact is, you know, we have more oil than Russia and Saudi Arabia combined. And if you go back eight or nine years, you'll see that it was a different world. But we have so much now. And the thing we need is, and we're building them rapidly, is refineries. We have so much oil, you wouldn't believe even all of that oil pouring out. But one of the things I hate to say it, and, you know, I always get killed when I say it. But, you know, with the Hormone Strait having a problem for a long time, not too much anymore. They do shoot us every once in a while. It's like, you know, being little shows. They do shoot. And we knock the hell out of them. You know, we can trace it right back. So they shoot at us. We shoot at them. It goes right down the barrel of the gun or whatever launched, whatever weapon. No, it's unbelievable.
