"Shark Tank"/ABC
- "Shark Tank" investor Kevin O'Leary says he is looking to build a $14 billion oil refinery.
- O'Leary pointed to the importance of US energy independence, calling it a top election issue.
- That comes shortly after OPEC+ announced another production cut, which is expected to raise gas prices.
Kevin O'Leary wants to lower US gas prices – and he's planning to do that by building a $14 billion oil refinery, the "Shark Tank" star said in a recent interview with Fox Business.
"We haven't built a refinery in America in decades because we can't permit it … And the task I've decided I'm going to take on is I'm going to build a refinery in America," O'Leary said on Tuesday. He briefly detailed plans to finance the refinery, estimating the costs to clock in around $14 billion.