API CEO Mike Sommers discusses rising crude oil prices, falling U.S. petroleum reserves and energy supply disruptions. He analyzes potential policy changes to boost domestic refining capacity and address high gasoline and diesel prices.
The proposal came up during a recent meeting between President Donald Trump and a dozen U.S. refiners, where they discussed the ways in which the federal government could support increased refining capacity.
Deputy Oil Minister Mohammad Sadeq Azimifar said repairs are already underway, according to Reuters.
We examine the current economic indicators and compare today's supply shock inflation with the 1970s, noting significant risks to global oil flow and refining capacity. Amidst rising middle east conflict, the arrival of us military paratroopers and news of soaring US gas prices due to an iran attack on a Kuwaiti tanker highlight the fragility of the global economy and oil supply. Stay informed on these critical developments. For Monkey Werx gear and products, go to https://www.monkeywerxus.com/shop You can help support the channel and watch live SITREPs at https://www.patreon.com/monkeywerxus Find more info on Skyglass here: https://www.aviarlabs.com/ Socials: https://rumble.com/c/MonkeyWerx https://www.facebook.com/MonkeyWerxUS ©2025…