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🔥 America's First New Oil Refinery In 50 Years Is Breaking Ground In South Texas This Quarter. Here's What Nobody's Connecting The Dots On.
The last greenfield oil refinery built in America went online in 1976. In Garyville, Louisiana. Nobody working in industrial construction today was active when it went up. That's how rare this is.
That changes this quarter.
America First Refining is breaking ground at the Port of Brownsville, Texas. 240 acres. A 20-year agreement with India's Reliance to purchase and process 1.2 billion barrels of U.S. shale oil. When operational, it will produce over 60 million barrels per year of gasoline, diesel and jet fuel. Fluor Corporation was awarded the engineering and design contract April 7. It's not a proposal. It's happening.
The Permian Basin feeds this refinery.
Here's the part that matters for everyone reading this. Most existing Gulf Coast refineries were built to process heavy imported crude ... not the light shale oil coming out of West Texas. That ...
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