XLE & Oil
Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity
Readthrough summary
President Trump announced up to $150 million in Defense Production Act Title III funding to expand petroleum production, storage and logistics at U.S. refineries, including restarting a refinery. The Energy Department says the money should raise domestic output of gasoline, diesel and jet fuel by millions of gallons per day and lower prices.
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at DOE News.
