A Disturbance in the Force... I Mean the Oil Market
As Darth Vader I sense a great disturbance in the Force...or perhaps it's just the tremors from the construction of a new oil refinery. President Trump a man not entirely unfamiliar with wielding power (though his weapon of choice is Twitter not a lightsaber) has announced a monumental $300 billion deal. This news is certainly powerful enough to catch even my attention in the Outer Rim.
The Empire... State of Texas Strikes Back
This refinery located in Brownsville Texas is being touted as the cleanest in the world. A bold claim indeed. It also sounds like the perfect location to build a new Death Star if one were inclined to such things. The refinery will process 100% American shale oil. This move is designed to strengthen national security and boost American energy production. One might even compare it to the construction of a fully operational and armed battle station...but for energy not galactic domination. Speaking of unexpected turns have you heard about Trump's Surprising U Turn: Nexstar Tegna Deal Gets the Green Light? It seems everyone is making deals these days.
Reliance Industries: The Force Behind the Refinery
The power behind this venture lies with Reliance Industries led by Mukesh Ambani. They are responsible for the $300 billion investment in the United States. Reliance owns the world's largest oil refinery in Jamnagar India. Their market capitalization stands at a staggering $206 billion. It appears even the most powerful Sith Lords need allies with deep pockets. As I have learned money is important even in a galaxy far far away.
The Price of Fuel Will Be Altered. Pray I Do Not Alter it Further
The refinery's opening comes at a time when global oil prices are already elevated due to conflicts in the Middle East. Higher fuel prices are beneficial for shale refiners. American First Refining indicated they have received a "9 figure investment from a global supermajor at a 10 figure valuation.". They also signed a 20 year deal to purchase process and distribute shale oil sourced and produced stateside. Such long term commitments remind me of the Emperor's own plans for galactic domination... which I assure you were *quite* long term.
A Powerful Weapon Indeed: Energy Independence
Trey Griggs president of America First Refining noted that the United States has a surplus of light shale oil but a shortage of refining capacity. This refinery he says would strengthen the domestic supply chain. Strengthening domestic supply chains is a power the U.S. should have invested into a long time ago. Now the U.S. has a new weapon: energy independence.
The Future is Now: American Energy Dominance
This refinery represents a significant step toward American energy dominance. It's a bold move not unlike my own plans for the galaxy. Perhaps America is about to discover its own 'I am your father' moment in the energy sector. I will watch its career with great interest with much interest indeed.
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