æt ðə tˈaɪm, ðə stˈeɪtz ɹᵻfˈaɪnɚɹiz wɜː kəntɹˈæktʃuːəli ɐlˈaʊd tə ɹᵻfˈaɪn fˈɔːɹən ˈɔɪl dˈuːɾifɹˈiː, wˌɪtʃ hiː sˈɔː æz ɐ θɹˈɛt tə ðə nˈeɪʃənz lˈɔŋtˈɜːm fˈɔːɹtʃʊnz.
At the time, the state's refineries were contractually allowed to refine foreign oil duty-free, which he saw as a threat to the nation's long-term fortunes.