usually they just say "I want all of (insert thing they can;t have here)"...
www.theguardian.com
does American have a different version of "billion" to everyone else?
Trump says U.S. will build first refinery in 50 years with investment from India's Reliance Industries
U.S. President said India's largest private energy company Reliance Industries is investing in a $300-billion refinery project in Texas.www.cnbc.com
President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s Reliance Industries.
“THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY,” Trump said in a post on Truth Social.
$300 billion sounds like lot.... and is being financed by an Indian company with a market cap of only $200 billion
Under the newly signed agreement:
ahh, so the deal is not $300 billion... but the refinery will make $175 billion worth of product (after buying $125 billion raws = $50bil value add)
- 1.2 billion barrels of U.S. light shale oil will be purchased and processed — a value of $125 billion
- AFR will produce 50 billion gallons of refined products — a value of $175 billion
- The U.S. trade imbalance will improve by $300 billion
America First Refining received a 9-figure investment from a global supermajor at a 10-figure valuation.
hmm,
$300bil = $300,000,000,000
9-figures=$123,456,789...... so hundreds of million, not hundreds of billion? of America First Indian investment
or maybe i just can't freedom-math?
I don't think that is completely accurate:
www.gzeromedia.com
The Yanks always had it as 1 billion = 1000 million
I don't think that is completely accurate:
Oil quality differences. Crude oil comes in different grades, generally categorized by density (light vs. heavy) and sulfur content (sweet vs. sour). The US primarily produces light, sweet crude, ideal for gasoline. But many US refineries, especially those along the Gulf Coast, are geared up to process sour, heavy crude – the kind produced in countries like Canada and Venezuela. Heavy crude oil is cheaper, and its chemical composition allows it to be used in a greater variety of products, such as diesel, jet fuel, and petrochemicals.
Why does the US Import oil despite producing enough for its needs?
The United States is one of the world’s largest oil producers, producing enough crude oil for domestic consumption and exporting millions of barrels daily. Yet it also imports roughly 8 million barrels daily, mostly heavy crude, much of which comes from Canada. Here’s why ...
www.facebook.com
Yeah, I had a really good curated feed of journos, academics, researchers, experts, etc. from my areas of interest. It was the best news and analysis feed I've ever had. Of course there were idiots, but that's life and they're easily ignored. But Musk flipped the cost/benefit equation and I left.
