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Trump Wants Big Oil to Build More U.S. Refineries. Here’s Why That’s a Tough Sell. – WSJ

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Trump Wants Big Oil to Build More U.S. Refineries. Here’s Why That’s a Tough Sell. – WSJ

President Trump urged a gathering of oil executives at the White House on Tuesday to build more refineries capable of pumping out fuel, part of his bid to bring down gasoline prices before the November midterms.

That’s a tough argument to make. Owning an oil refinery is a profitable proposition in the U.S. right now. Building a new one? Not so much.

Trump Wants Big Oil to Build More U.S. Refineries. Here’s Why That’s a Tough Sell. – WSJ

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Trump Wants Big Oil to Build More U.S. Refineries. Here’s Why That’s a Tough Sell. – WSJ

President Trump urged a gathering of oil executives at the White House on Tuesday to build more refineries capable of pumping out fuel, part of his bid to bring down gasoline prices before the November midterms.

That’s a tough argument to make. Owning an oil refinery is a profitable proposition in the U.S. right now. Building a new one? Not so much.

Tesla sunsets its Solar Roof tiles | The Verge

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Tesla sunsets its Solar Roof tiles | The Verge

Tesla has discontinued Solar Roof, its solar panels designed to look like regular roofing tiles, Electrek reports. Sources “close to the program” told the publication that Tesla has informed its third-party installer network that Solar Roof is no longer available to order, and that only conventional solar panels will be supplied going forward.

While Tesla hasn’t officially announced that it’s sunsetting the product, it’s made several website changes that corroborate the reported discontinuation. The dedicated Solar Roof page (tesla.com/solarroof) that launched almost a decade ago now automatically redirects to Tesla’s solar panel page instead, and the “Solar Roof” option is no longer available under the navigation menu for Tesla Energy products. The only products currently listed are Solar Panels, Powerwall, and Megapack.

Spike in ‘Dark’ Oil Tankers in Gulf Raises Risk of Catastrophic Spills – The New York Times

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Spike in ‘Dark’ Oil Tankers in Gulf Raises Risk of Catastrophic Spills – The New York Times

The risk of a catastrophic oil spill in ecologically sensitive waters around the Strait of Hormuz has hung over the region since the start of the war in Iran. Now the threats are increasing, maritime experts say, as the conflict has widened and more tankers are navigating the region’s waterways with their tracking transponders turned off to dodge military strikes and drone attacks. The advent of transponders and more advanced navigation equipment has made modern shipping safer and cut down on collisions and spills. Turning them off, or going “dark,” is a perilous activity typically reserved for vessels under sanctions or carrying illicit loads. But since March 1, there have been an alarming 1,514 dark crossings in and out of the Persian Gulf, according to Kpler, a maritime data firm.
Map: Severence Hill Trail