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International shame for Ambani 🤯 Several Activists protested against Ambani & Jio Oil money at a Pink Ball event at British Museum Worst Part? — It was co-hosted by Isha & Nita Ambani 🤡 Why is Godi Media silent on this major embarrassment? Source:

218,257 views • 11 months ago •via X (Twitter)

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Asia’s richest man just bought himself $300 billion worth of political cover from the US president. The first new US oil refinery in 50 YEARS is being built in Texas - backed by India’s Reliance Industries. Everyone's celebrating it as "energy dominance." But when you dig into who's involved, the timing, and where the money's really going, this story makes NO sense... Let's start with the $300 billion number. It makes zero sense for a single refinery. Reliance's own Jamnagar facility in India, the world's largest refinery complex, cost roughly $6 billion to build. It processes 1.4 million barrels per day. The Brownsville project is permitted for 160,000 barrels per day. That's 1/9th the capacity. A realistic cost? $5-15 billion max. $300 billion is the GDP of Ireland. So where's the other $280+ billion going? Nobody knows. The company building it is called America First Refining. Until very recently, they were Element Fuels Holdings. A Dallas startup that's been trying to build this exact refinery since 2015. Nearly a decade of permits, environmental filings, and pre-construction on 240 acres at the Port of Brownsville. They rebranded to "America First Refining" right before this announcement. The timing is almost too perfect. Now let's talk about Reliance: Mukesh Ambani's Reliance Industries isn't just India's biggest energy company. It's India's biggest EVERYTHING company. Telecom, retail, media, petrochemicals, AI. Market cap over $230 billion. Ambani is Asia's richest person. The man isn't building refineries because he's passionate about Texas gasoline. He's building political capital. India is under massive US pressure to stop buying Russian oil. Reliance's Jamnagar refinery has been one of the biggest processors of sanctioned Russian crude. The US has been leaning on Ambani hard to cut those purchases. So what does Ambani do? Shows up with a massive investment branded "America First," timed exactly when the president needs an energy win. Oil just spiked past $100 a barrel because of the Iran war. Gas prices jumped 50 cents in a week. Trump's facing political heat over energy costs heading into midterms. And suddenly here's this $300 billion headline. Ambani gets goodwill. Trump gets a headline. The refinery might get built in 2027. Maybe. This isn't just a deal. Ambani invests in American energy PR. In exchange, the US eases pressure on Reliance's Russian oil imports, which generate billions in profit because sanctioned crude trades at massive discounts. A $300 billion headline buys a LOT of political cover. The refinery itself is actually smart regardless of the politics. Brownsville sits on the US-Mexico border. Deepwater port. Direct Permian Basin pipeline access. Free trade zone. Hydrogen-powered processing that would make it one of the cleanest refineries ever built. IF they build it, it transforms one of the most economically distressed regions in Texas. But one thing's certain, $300 billion is a political number, not an engineering number. And the timing, with oil doing what it's doing, Iran disrupting 20% of global supply, gas prices surging, and midterms approaching, tells you everything about why this was announced TODAY. This is a handshake between the richest man in Asia and the most powerful man in America. Both get exactly what they need. The question is whether American consumers get anything out of it. Or whether this becomes another announcement that sounds incredible on paper but disappears after a few months.

Ricardo

549,987 views • 6 months ago