ABCNEWS - Oil and gas prices surge as Iran escalates strikes on Gulf refineries
Iran on Wednesday and Thursday released retaliatory strikes on energy sites in several Gulf countries, following Israel's attack on a major Iranian gas field.
Iran on Wednesday and Thursday released retaliatory strikes on energy sites in several Gulf countries, following Israel's attack on a major Iranian gas field.
On Tuesday’s “Rob Schmitt Tonight,” Peter Navarro discussed the economics surrounding the Strait of Hormuz, the $300 billion oil refinery to open in Texas, and the recent jobs report.
'Most expensive refineries'
Oil refineries are on fire, global markets are tumbling and U.S. officials expect "more casualties" as the war on Iran shows no sign of stopping. NewsNation's Connell McShane has the latest, live from Dubai. #Iran #US #Israel Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
Southeast Texas is riding a massive energy wave as companies pour billions of dollars into refineries, pipelines and power plants. Oil and natural gas workers are now earning far above the state average, and the industry paid an estimated $27 billion in state and local taxes last year. NewsNation’s Xavier Walton joins “Morning in America” with the latest on this energy boom. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
Paying more for less: As refineries close, California is forced to import gasoline supplies to meet demand. That raises both gas prices and greenhouse gas emissions. Despite that, California lawmakers appear unwilling to consider policies that will stop chasing the oil and gas industry out of the state.
"Russia will not stop," said Yulia Svyrydenko, the Ukrainian prime minister.
'Californians will feel the consequences'