TRUMP RECYCLES
Trump announces America is opening its first new oil refinery in 50 years
Robert Davis
March 10, 2026
RAW STORY
President Donald Trump announced on Tuesday that the U.S. is opening the first domestic oil refinery in the last half-century.
Trump claimed in a new post on Truth Social that the refinery will be located in Brownsville, Texas, and will be built using funds from a more than $300 billion investment deal struck with an Indian oil company called Reliance.
"THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY, A MASSIVE WIN for American Workers, Energy, and the GREAT People of South Texas!" Trump wrote on Truth Social.
"It is because of our America First Agenda, streamlining Permits, and lowering Taxes, that have attracted Billions of Dollars in Deals coming back to our Nation," Trump added. "A new Refinery at the Port of Brownsville, will fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in Economic impact, and will be THE CLEANEST REFINERY IN THE WORLD."
The deal was announced at a time when the Trump administration's war in Iran sent energy prices skyrocketing over the weekend. On Monday, the price of a barrel of oil hit nearly $120 a barrel before Trump announced that the war in Iran was effectively over.
AAA measured the national average gas price at $3.54 per gallon on Tuesday, which is about $0.40-cents higher than it was a week ago.
President Donald Trump announced on Tuesday that the U.S. is opening the first domestic oil refinery in the last half-century.
Trump claimed in a new post on Truth Social that the refinery will be located in Brownsville, Texas, and will be built using funds from a more than $300 billion investment deal struck with an Indian oil company called Reliance.
"THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY, A MASSIVE WIN for American Workers, Energy, and the GREAT People of South Texas!" Trump wrote on Truth Social.
"It is because of our America First Agenda, streamlining Permits, and lowering Taxes, that have attracted Billions of Dollars in Deals coming back to our Nation," Trump added. "A new Refinery at the Port of Brownsville, will fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in Economic impact, and will be THE CLEANEST REFINERY IN THE WORLD."
The deal was announced at a time when the Trump administration's war in Iran sent energy prices skyrocketing over the weekend. On Monday, the price of a barrel of oil hit nearly $120 a barrel before Trump announced that the war in Iran was effectively over.
AAA measured the national average gas price at $3.54 per gallon on Tuesday, which is about $0.40-cents higher than it was a week ago.
Robert Davis
March 10, 2026
RAW STORY
Donald Trump speaks. REUTERS/Evelyn Hockstein
President Donald Trump was brutally mocked by political analysts and observers on Tuesday after he announced a new oil refinery would open in Brownsville, Texas.
Earlier in the day, Trump claimed that his administration had attracted a new $300 billion investment from an Indian oil company, Reliance, to build a new refinery. However, some analysts and observers noted that Trump appeared to take credit for an investment announced under the previous Biden administration.
The announcement was made at a time when global markets were reeling from the aftershocks of the U.S. and Israel's decision to bomb Iran earlier this month. On Monday, the price of a barrel of oil hit nearly $120. In the U.S., gas prices are up more than $0.40-cents across the nation since last week, according to data from AAA.
Political analysts and observers shared their reactions on social media.
"I love how you can tell that he's having waking nightmares about the volatility in the oil market and is trying to post through it," Jacob Weindling, editor-at-large for Splinter News, posted on Bluesky.
"This project began construction in 2024 and cost between $3-$4 billion, according to the company. The refinery capacity is 160,000 [barrels per day]," Patrick De Haan, head of petroleum analysis at GasBuddy, posted on X.
"Interesting. This company was named 'Element Fuel Holdings LLC' during the Biden years. Wonder why they changed it to a Trump slogan?????" Noah Sachtman, contributing writer for Rolling Stone, posted on Bluesky.
"If he actually cared about 'energy dominance,' he wouldn't be doing everything he can to cancel renewable energy projects," writer Thor Benson posted on Bluesky.
Donald Trump speaks. REUTERS/Evelyn Hockstein
President Donald Trump was brutally mocked by political analysts and observers on Tuesday after he announced a new oil refinery would open in Brownsville, Texas.
Earlier in the day, Trump claimed that his administration had attracted a new $300 billion investment from an Indian oil company, Reliance, to build a new refinery. However, some analysts and observers noted that Trump appeared to take credit for an investment announced under the previous Biden administration.
The announcement was made at a time when global markets were reeling from the aftershocks of the U.S. and Israel's decision to bomb Iran earlier this month. On Monday, the price of a barrel of oil hit nearly $120. In the U.S., gas prices are up more than $0.40-cents across the nation since last week, according to data from AAA.
Political analysts and observers shared their reactions on social media.
"I love how you can tell that he's having waking nightmares about the volatility in the oil market and is trying to post through it," Jacob Weindling, editor-at-large for Splinter News, posted on Bluesky.
"This project began construction in 2024 and cost between $3-$4 billion, according to the company. The refinery capacity is 160,000 [barrels per day]," Patrick De Haan, head of petroleum analysis at GasBuddy, posted on X.
"Interesting. This company was named 'Element Fuel Holdings LLC' during the Biden years. Wonder why they changed it to a Trump slogan?????" Noah Sachtman, contributing writer for Rolling Stone, posted on Bluesky.
"If he actually cared about 'energy dominance,' he wouldn't be doing everything he can to cancel renewable energy projects," writer Thor Benson posted on Bluesky.
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