SQUAWK/NEWS
Account
Theme
Account
Menu
Live News LIVE ARTICLE H impact

Marjorie Taylor Greene Calls US Refinery Drought Since 1977 'Catastrophic Failure,’ Demands 'All Hands On Deck’ in Washington

Former Congresswoman Marjorie Taylor Greene called for urgent action to construct new refineries in America, citing the lack of major new refineries since 1977. Greene took to X on Thursday to criticize the government’s lack of success in building new refineries in the country, calling it “the most absurd, ridiculous, catastrophic failure.” “There should be emergency meetings in Washington DC with an all hands on deck approach to do whatever it takes to build new refineries in America,” she wrote. There should be emergency meetings in Washington DC with an all hands on deck approach to do whatever it takes to build new refineries in America. There hasn’t been any major new refineries built since 1977. And that is the most absurd, ridiculous, catastrophic failure of our… — Former Congresswoman Marjorie Taylor Greene🇺🇸 (@FmrRepMTG) September 24, 2026 She argued that the U.S. has ample oil reserves and that gasoline should be much cheaper than it currently is. Greene blamed “greedy sellout fools” in government and wealthy oil companies for prioritizing global oil profits over “America first.” As of Jan. 1, the U.S. had 130 operable petroleum refineries, according to the Energy Infor

XOM

Former Congresswoman Marjorie Taylor Greene called for urgent action to construct new refineries in America, citing the lack of major new refineries since 1977. ” “There should be emergency meetings in Washington DC with an all hands on deck approach to do whatever it takes to build new refineries in America,” she wrote. There should be emergency meetings in Washington DC with an all hands on deck approach to do whatever it takes to build new refineries in America. There hasn’t been any major new refineries built since 1977.

S. has ample oil reserves and that gasoline should be much cheaper than it currently is. ” As of Jan. S.

had 130 operable petroleum refineries, according to the Energy Information Administration (EIA). The newest is Texas International Terminals’ 45,000-bpd Galveston refinery, which began operations in February 2022. However, the newest refinery with significant downstream capacity is Marathon’s Garyville, Louisiana, facility, which opened in 1977 and has since expanded from 200,000 bpd to 617,000 bpd, making it the nation’s third-largest refinery. , as per EIA.

1%: ‘Enjoy the Nostalgia’ Refining Bottleneck Puts Fuel Prices Under Pressure Greene’s comments come at a time when fuel prices are under pressure amid the ongoing war with Iran. President Donald Trump ‘s energy adviser, Jarrod Agen said the key issue is limited refining capacity rather than crude oil supply, pointing to reduced capacity in Russia and China. He suggested the Defense Production Act (DPA) and infrastructure investment could help address the refining bottleneck.

Notably, Trump invoked the DPA in April to direct federal funding toward coal, LNG, petroleum refining and power-grid infrastructure, with funding aimed at overcoming financing, regulatory and other barriers. S. refining capacity to help bring down fuel prices. However, GasBuddy analyst Patrick De Haan told that refiners have limited incentives to lower gasoline prices because they are accountable to shareholders.

He added that new refinery projects would take years to come online and meaningfully impact fuel prices. S. is planning a 90-day diesel export ban to ease surging fuel prices. S.

while maintaining gasoline and jet fuel flows, including the possibility of a voluntary export cap. 82 from a year ago. 49. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

Read Also: Peter Schiff Warns Record Diesel Prices Could Leave US Vulnerable To Next Energy Shock, Says Trump's Diesel Export Ban Could 'Backfire' Image via Shutterstock