CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:58:00
Big oil companies look to the future and they say, hey, look, there's not going to be the demand five, ten years from now because of all of the electric cars and whatnot. >> and there hasn't been political will not in my backyard, a lot of places don't want new refineries built in their towns, too. we've had refinery capacity has been going down because of the pandemic, because of this long-term shift that energy executives see toward a more balanced fuel source and also because there hasn't been a real incentive or investment in new refining capacity of course until now. the one thing is that...