New Oil Refinery: Boosting Jobs & Security
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
President Trump unveils plans for a $300 billion oil refinery in Brownsville, Texas, marking the first new refinery in the U.S. in 50 years. The refinery, designed to process American light shale oil, will create thousands of jobs and boost national security by reducing reliance on foreign crude. A 20-year deal with the Permian Basin will produce 50 billion gallons of refined fuels, improving the trade balance by $300 billion. Groundbreaking is set for Q2 2026, with Indias Reliance energy company as a partner. Lawmakers hail the project for its economic and security benefits, as oil prices rise amid global tensions.
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