America needs oil now: Trump is sitting on a sleeping giant in the Virgin Islands

Published September 24, 2026 5:00am ET



President Donald Trump has made American energy dominance and lower costs national priorities. He recently announced an agreement giving the United States majority control over more than 65 billion barrels of Venezuela’s proven crude reserves and brought refinery executives to the White House with a practical question: How can America increase refining capacity and turn abundant crude into the gasoline, diesel, jet fuel, and other products families and businesses use every day?

When refining capacity is tight, the public pays more to drive to work, move freight, and fly. Adding real refining capacity is one of the most direct ways to take pressure off those daily costs. Part of the answer is already on American soil.

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