President Trump unveils plans for a new oil refinery in South Texas, backed by Indias Reliance Industries. The project, led by America First Refining, aims to process U.S. shale oil, creating jobs and boosting energy production. While hailed as a positive step, energy economist Ed Hirs notes that overall refining capacity has decreased and the new refinery may not significantly impact gas prices. He also questions its impact on Indias oil imports from Russia.
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