News with Views··Friday, October 30, 2026, 10:02 PM
America Closes Refineries While the Rest of the World Races to Build Them
When Iran closed the Strait of Hormuz at the end of February, the world relearned a lesson it keeps forgetting: crude oil, by itself, moves nothing. Trucks, tractors, aircraft and ships run on diesel, gasoline, jet fuel and bunker fuel—transportation fuels that exist only after crude oil has passed through a refinery.
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