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Posted on 05/08/2025 7:39:11 AM PDT by delta7
Oil refinery Valero has opted to close its operations in California due to excessive regulations on energy. Located in the small city of Benicia, the town is expected to lose 400 jobs, which the mayor is calling the exit “a major hit on the city.” Everyone in California is feeling the impact of Newsom’s war on fossil fuels.
Valero said its decision ” follows years of regulatory pressure, significant fines for air quality violations, and a recent lawsuit settlement related to environmental concerns.” “California has been pursuing policies to move away from fossil fuels for really for the past 20 years.
And the consequence of that is the regulatory and enforcement environment is the most stringent and difficult of anywhere else in North America,” Valero CEO Lane Riggs told reporters. His company faced $82 million in fines dating back to 2003 for emissions, marking the highest penalty issued in the Bay Area Air District.
Energy company Phillips 66 abandoned its operations in Los Angeles last year, citing long-term instability due to political policy. California’s refining capacity has declined 21% over the past three years, and as a result, gas prices are expected to rise by 75% by 2026 if major intervention is not taken.
California’s gas deficit ranges from 6.6 million to 13.1 million per day. “. Reductions in fuel supplies of this magnitude will resonate throughout multiple supply chains affecting production, costs, and prices across many industries such as air travel, food delivery, agricultural production, manufacturing, electrical power generation, distribution, groceries, and healthcare,” University of Southern California professor Michael A. Mische stated after studying California’s history of supply and refining capacity. This will plunge the state into further debt and reduce the overall GDP for the entire nation.
California already has the highest gas prices in the nation at $4.616 per gallon. How will people afford to pay up to $8.435 per gallon in a year’s time? California’s excise tax on gas has risen 253% in the past 30 to 50 years, while the number of cars has increased by 38% and the population increased by nearly a quarter.
“Meanwhile, the number of refineries has declined by 56%, in-state oil field production has fallen by 63%, finished gasoline stocks have declined by 98%, in-state daily refinery capacity has decreased by 36%, average gasoline prices for all formulations have gone up by 253%, and imports of non-U.S. foreign oil increased 712%,” Mishe reported,
Newsom had hoped to implement a ban on fossil fuel vehicles but was overruled. Voters cheer when he states he will tax and charge refineries for emissions, but they fail to realize that those charges will be passed down to everyone. The governor is eyeing the White House and believes he can implement these same failed policies at the federal level.
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Well, Valero, Texas is a’waiting. If you will do the right thing, you will prosper. Come to Texas, leave your liberal employees there who voted for all of the regulations which destroyed their own jobs, and hire conservative Texans. Problem completely solved.
Why is Trump not on top of this? It is absolutely a Federal Interstate Commerce issue.
Who’s going to be number three to leave?
The good news: Pretty soon, everyone in CA will be able (forced?) to walk to work. The bad news: There may not be any jobs left to walk to.
Very bad news for AZ
Probably Martinez or Tesoro, right across the Carquinez Strait from Benicia. They might be 3 and 4.
Why is Trump not on top of this?
————-
President Trump needs to stay out of it. Best to standby and watch the liberal/ crazy States disintegrate. Why should Trump intervene to “ save” them when all their problems are self inflicted?
“No, California, you can’t have some of our gas. Go get your own.”
If only things worked that way.
“Arizona and Nevada Depend on California for Much of Their Transportation Fuels”
https://www.pinal.gov/DocumentCenter/View/1985/Arizona-Motor-Fuel-PDF
….Kinder Morgan pipeline to Arizona…” How do our motor fuels get here? Gasoline is pumped from the refineries ( California ) or tank-storage facilities into the interstate gasoline-pipeline
system. Arizona receives almost all of its gasoline through two pipelines owned and operated by Kinder
Morgan, Inc. Kinder Morgan’s “West Line” is a 20-inch diameter pipeline that originates in Watson,
California, and travels down to Yuma, Arizona, then up to Phoenix. It takes a gallon of gasoline
approximately seven days to make that journey. Kinder Morgan’s “East Line,” a smaller diameter pipeline,…..”
Looks like Arizona is also going to take a big hit in prices.
I don’t understand why the people voting there continue to elect the losers they do who continue to make California FUBAR.
They are too busy support alphabet causes and drinking lattes.
Agree, for now. Refinery capacity is a national security issue, and critical to the economy. Not an issue right now, as we have plenty of capacity. We also need to re-fill the strategic petroleum reserve that Biden significantly emptied.
This...agree.
BTW, i thought they had planned to put a refinery up around Yuma at one time?
Dont tell me. I know. Somebody took offense to it and blocked it.
“Why should Trump intervene to “ save” them when all their problems are self inflicted?”
Because this does NOT affect just Ca. This creates a huge unnecessary economic hardship on both Nevada and Arizona. We get pretty much all of our fuel from these particular refineries. So Nv and Az is going to suffer also and they should not. This is a serious Interstate Commerce issue. Because it involves these other states and Military Bases it is actually a National Security issue.
Good points.
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