{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Big Digital Energy","title":"Trump's Big Oil Witch Hunt, $58 Cracks Spike & California's Refinery Graveyard | BDE 07.03.26","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d2e8c3f2\"></iframe>","width":"100%","height":180,"duration":3767,"description":"Gasoline creeps past four bucks and everyone reaches for the same villain, but the real story lives in the refining margin, not the gas station down the street. Arjun Murti of Veriten joins Mark Meyer for a holiday-weekend conversation on why big oil doesn't set your pump price, how refining flipped from the worst business in energy to the best, what California's shrinking refinery count really signals, and the Lee Raymond mindset that still shapes how smart operators ride the cycle.\nClick here to watch a video of this episode.\n00:00 Welcome and Arjun's background\n02:55 Remembering Lee Raymond\n10:09 Trump, gas prices, and the price gouging myth\n18:17 When energy policy actually got it right\n24:09 How refining went from worst business to best\n28:21 Barriers to entry and the safety tightrope\n32:47 California's refining wall\n36:01 The Jones Act and shipbuilding\n38:09 Environmental policy vs climate crisis\n43:22 Ethanol, RINs, and ag politics\n46:35 Capitalism, shale, and the LNG boom\n49:45 What comes next for the upstream\n53:40 Oil prices and the Big Tech double standard\n57:48 Adapting to 2026 and the road ahead\nhttps://twitter.com/collide_ai\nhttps://www.tiktok.com/@collide.io\nhttps://www.facebook.com/collide.io\nhttps://www.instagram.com/collide.io\nhttps://www.youtube.com/@collide_io\nhttps://bsky.app/profile/collide-ai.bsky.social\nhttps://www.linkedin.com/company/collideai","thumbnail_url":"https://img.transistorcdn.com/iy6jIYchYeWUZ4i3KMDwG--bihbqsPBgMZtYTL4T32g/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81NTQ3/MzlhMzY1MzgyZDM4/NTZiMjQwNTg0YmNj/NDZiZS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}