O'Leary Venture Chairman and "Shark Tank" star Kevin O'Leary announced plans to build a new oil refinery in America in an effort to reignite America's energy independence during "The Big Money Show's" playbook panel on Tuesday.

"I'm at that stage in my life where I want to do something big. And the task that I've decided I'm going to take on is, I'm going to build a refinery in America. I'm going to do it," O'Leary said.

"It's going to cost about $14 billion. I'm going to syndicate that debt and that equity. I'm going to find a state that wants to work with me. I'm going to get a permit and we're going to do the right thing for America. We have to have more refineries."

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