22 Hrs
Source:
عربي21
Washington considers using Defense Act to boost Iran oil refining
The White House studied the use of the Defense Production Act to increase oil refining capacity in the United States, aiming to address rising fuel prices and the impact of the Iran crisis on global oil supplies. Officials believe that improving refinery efficiency and expanding existing facilities is the best option, given the high costs and time required to build new refineries. The United States faces a problem in meeting the demand for gasoline and diesel, despite its significant refining capacity, with refinery utilization rates reaching 98%, amidst persistent high fuel prices. The final scenario suggests using the law to support and expand oil production in an effort to curb rising prices before the November Congressional elections.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)