extract money for himself. the reason carl icahn is up there on that board, the reason he didn t last as special advisor to the president on regulatory reform is because of this reporting from reuters and this reporting from patrick keefe at the new yorker magazine. reuters and the new yorker documented how carl icahn used that trump administration white house gig like it was just any other carl icahn corporate raider business opportunity. he leveraged that gig into what may have ended up being hundreds of millions of dollars in personal profit for himself. one of his interests at the time, his business interest was a refinery concern up against significant environmental cost. he was very outspoken against those environmental regulations that impose those cost in his refinery business. when he was announced as trump s
generals, inspectors general. there is no such thing in the white house. unfortunately for mr. zinke, he he has an inspector general. my advice to him is he better cooperate. let me ask you about this reporting, carl icon. we have been following this vigorous financial reporting, about how he might have been using his position as regulatory adviser to the president to self deal. to help make himself many, many, many millions of dollars at his refinery business that affected the price that shaped the bottom line, financial picture for his company. all seems to have happened out in the open. how have you viewed this reporting? is this sort of business as usual? is this a serious matter? it is no overstatement to say this is one of the most sinister episodes of ethical concern in
some control over your energy cost because you now are in the refinery business. we are. neil: the bigger picture, the economy improve, housing back, market is back. do you buy that? the economy is good. it s chop py. every quarter we get a prediction about where the economy is going to be from the fed, and then after we get to that point in time the fed usually readjusts downward. so it s been choppy but it is positive. we operate in the 2 to 2-1/2% range and then plan our capacity under that amount but overall corporate profits are up. american corporations never had more cash. the doff is incredibly strong markets are very liquid. interest rates are very low. and in a global economy, it s all good. neil: good to have it than not have it. richard anderson, delta airlines
wyoming got involved as well and they could not link to oil and gas production. reporter: local citizens were not satisfied. they complained to the epa and came in and quickly blamed the oil company for the bad water. company notes another federal agency has reports going back 60 years noting that water in the area has natural contaminants long before anyone drilled there. but the epa accused company anyway just as it did in other cases where its allegations turned out not to be true. you have three cases where they initially said there is an issue with hydraulic fracturing and then backed off. reporter: but backed after riling up the community. today as you said, jon, congress will look at the impact on gasoline prices of the recent closure of three refinerries serving the eastern u.s. three more are teetering on the edge of closure. why? the refinery business operates on very thin profit
jet fuel prices also soaring, for g 5 owners. delta spent $12 billion on jet fuel is looking to buy a refinery in pennsylvania, according to cnbc. and jackie deangeles is here. this would be a first for a major airline going in the refinery business. that s right. cnbc reported dealt is considering a bid for an idle refinery. it has capacity of 185,000 barrels a day. the acquisition around $100 million. analysts we have spoken to are split on this. those in the positive camp say it is great for delta to take control of one of its highest costs, others say airlines are in enough trouble already. why enter another tough industry. also, it would be a major departure, excuse the pun, from delta s core operations. and jackie, speaking of first, finally it is here.