Shark Tank investor Kevin O'Leary has just announced plans to build a new $14-billion refinery in the United States to help America become more energy independent.
Kevin O’Leary: the U.S. needs another refinery to become more energy independent.While U.S. refining capacity is shrinking, China and the Middle East are adding more capacity.Shark Tank investor Kevin O'Leary has just announced plans to build a new $14-billion refinery in the United States to help America become more energy independent.
Referring to the need for hydrocarbons for decades, he added,"I'm sorry, that's just the way it is. You are not going to have a wind aircraft take you across the ocean, that's not going to work." "I'm going to find a state that wants to work with me. I'm going to get a permit and we're going to do the right thing for America. We have to have more refineries," O'Leary noted. on FOXBusiness, O'Leary said that North Dakota could be one of the options for building the new refinery as it could be easier to obtain a permit there.
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