He asked them to build. They took the profit.
Trump demands new refineries to cut gas prices; refiners pocket record profits, refuse to build, and quietly retool toward less gasoline.
Source article: U.S. refiners have no plans to build new plants, citing long-term demand decline.
Column metadata
- Published
- Pen name
- Editorial Board
- Topic tags
- economy, business and finance, energy and resource, government policy, politics, unemployment
- Primary entities
- Donald Trump, White House, ExxonMobil, Chevron, Valero Energy, Marathon Petroleum, PBF Energy
- Themes
- Energy policy, Refining capacity, Gasoline prices, Industry regulation
- Floor values engaged
- Accountability of power, Equality & fairness, Truthfulness