Wait! What? Saudi Arabia now owns 100% of America's largest refinery (Port Arthur, TX)

[Roland99]

https://money.cnn.com/2017/05/01/investing/saudi-arabia-buys-largest-oil-refinery-port-arthur/index.html

Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year.

Port Arthur is considered the crown jewel of the US refinery system. The Gulf Coast facility can process 600,000 barrels of oil per day, making it the largest refinery in North America.

Aramco previously owned 50% of Port Arthur through a joint venture co-owned with Royal Dutch Shell (RDSA) called Motiva Enterprises.

...

In addition to Port Arthur, Aramco is acquiring full ownership of 24 distribution terminals. Aramco also gets the exclusive right to sell Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland, the eastern half of Texas and the majority of Florida.

[Bluepinky]

1. That clinches it, my next car is a hybrid.

Another reason to minimize my support of fossil fuels.

[Ilsa]

3. Hell, with the advances

in car batteries, I'm going full-on electric on my next one.

And no Shell gas until then, either.

[Snarkoleptic]

2. How is this not tagged as part of our 'critical infrastructure'?

Natch, our voting systems are not either, so there's that.

[GulfCoast66]

7. It's not like they can pick it up and carry it off.

[sinkingfeeling]

4. Boycott Shell in those states. Wonder who approved this

sale.

[spanone]

5. K&R...

[Guy Whitey Corngood]

6. Remember when Junior gave the OK for the UAE to acquire 6 major US ports? nt

[Kid Berwyn]

8. SA owns big chunks of Wall Street...Big Media...War Inc...

We export cars. They export cash.

The Petrodollar Cycle.

[Buckeyeblue]

9. How is this allowed to happen?

Isn't there a national security concern? SA is really a deplorable country. I also find it not a little ironic that in the most vehemently Christian part of our country, a company owned by Muslims is making billions upon billions of dollars from those Christians. They paise Jesus but pay Mohammed.

[UTUSN]

10. TX sweet TX!1