‘Refine, Baby, Refine’ Is the Energy Industry’s New Mantra

By Benoît Morenne and Collin Eaton – The Wall Street Journal

President Trump wanted to have U.S. energy dominance and low energy prices. He’s getting one without the other—and he hates it.

The Iran war and Ukrainian strikes on Russian refineries have knocked out a big chunk of the world’s fuel-making apparatus, leaving the U.S. oil industry as the world’s last major fuel supplier, contending with a runaway global supply shock that could last well into next year.