Locator: 50187SMOKEANDMIRRORS.
This is incredibly disappointing that the American public is being deceived on this one. Remember, this was being touted as a "$300-billion refinery" by some on social medai and then closer reading of what Trump actually said as a $300-billion "deal" and no one ever spelled out how that we arrived at "a $300-billion deal."
To put that $3 billion to $4 billion in perspective, Elon Musk's new LDC in Vicksburg, Mississippi is projected to cost $20 billion. And there will be lot more LDCs built than new refineries.
From AI/wiki:
Texas refinery: Trump's announcement yesterday -- "that $300 billion refinery" as reported by some on social media -- there's no way that refinery will cost $300 billion -- Mr Trump, in his usual abbreviated tweet -- implied it was a $300-billion refinery (he clearly said $300 billion deal) and those on social media that commented on it clearly stated it was a $300 billion refinery. The numbers simply don't add up. At most the refinery will cost at most $7 billion. The $300 billion must include the products that India will buy from that refinery over decades. It's a 168,000-bod refinery -- run the numbers yourself. In addition, the article at the link says projected cost for a new refinery these days is running $40,000 / refined bbl which in this case, 168,000 bbls x $40,00 / bbl = $6.7 billion. Link here to Reuters. Link here to earlier post. Archived.
In addition, if you check wiki, you can see how incredibly small this refinery is compared to the other refineries in the, particularly along the Texas / Louisiana coast. This refinery will be about the same size as the refinery that is supposedly going up in Trenton, ND.
I may have some facts and figures wrong, $4 billion vs $7 billion, but I'm pretty sure this refinery is not costing $300 billion as some on social media have suggested. This would be like Amazon valuing a new fulfillment center as the cost of the center itself plus the entire inventory it sells over the next 50 years.
And, as Mr Trump said, this only offsets the huge trade deficit we have with India. This is all smoke and mirrors.
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The Fold
Re-posting from yesterday:
Locator: 50184B.
Compare the projected prices of the North Dakota and the Texas projects below.
From today, March 10, 2026, president Trump alerted me to this today -- see below the fold -- archived —
Meanwhile, in North Dakota:
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The Fold
President Trump refers to this as $300-billion project. I'm not sure where the "$300-billion figure" is coming from!?
