Posted on 08/02/2024 7:07:29 AM PDT by ChicagoConservative27
Chevron plans to relocate its headquarters from California to Texas, joining a growing list of companies bound for the Lone Star State citing excessive regulation for their departure.
The Financial Times reports the second-biggest U.S. oil company said Friday it would leave the state where it has been a fixture for almost 150 years following clashes with authorities over climate policies and penalties it has said render California “closed for business.”
The promise of lower taxes and lighter regulation is also often given as a reason by other companies that have also made the same move from the West Coast.
(Excerpt) Read more at breitbart.com ...
the idea of the communist Democrat party is to shut down all private employment and business opportunities for people. Thereby rendering everybody dependent on the D party in power for food, rent money, health care (ha ha) and everything else. Vote to keep us in power or go to hell and starve!
If my history is correct, Standard Oil company was all over the country. The government broke it up into small companies, ostensibly for anti-trust reasons. Chevron was the California portion.
California is turning out just the way the rich Democrats want it.
They want fewer of “those people” on “their” highways and beaches.
They want lots of poor people so they can pay them low wages to cook and clean for them.
But, as with all Democrats, they haven’t taken the time to examine the unintended consequences of their actions.
They just blunder about trusting that their Democrat politicians will rescue them.
And quit selling your product there. EVs and stuff.
California Democrats have been getting rid of their premier industries in waves. In the 80s, they drove their quite substantial defense industry out of state. The nineties started their war on taxation discouraging new business formation of potentially national businesses. This millennium has them dumping their energy industry and they are now in the incipient stages of driving tech outta there. Retail is looking for greener pastures for their branches where they can actually turn a profit free of theft and state wage and employee mandates. They can keep Hollywood. Too annoying an industry for the rest of us plain folk.
Petroleum used to be a major industry in California, especially the Southland. There were huge oil fields in Santa Fe Springs, Signal Hill and Huntington Beach, and individual "stripper" wells here and there. There were also numerous oil refineries. Most of these are now gone.
California only went woke in recent decades. In the 1960's and 1970's, we had two Republican Senators, a Republican governor, and a Democrat mayor of LA who was to the right of most Republicans. Our House of Representatives delegation boasted some of the most articulate conservatives in the body, including Glen Lipscomb, James Utt, Del Clawson and "B-1 Bob" Dornan. Even as late as the 1980's, George "Duke" Deukmejian, a conservative Republican, served two terms in the state house.
LOTS OF OIL IN CALIF. Particularly around Bakersfield.
Within living memory, Texas was the 'RAT State, and California was the Republican State.
IMO-—another reason for TEXAS to secede from the Union & to take the Midwest along.
You know . . . all those famous historical photos of California landscape around Kern completely filled with oil rigs . . . you do realize that went empty?
As did most of California. Calif was a huge supplier of oil to the whole world. The US was the Saudi Arabia of the world, big exporter in the early to mid 1900s.
That ended. Because the oil underground ended.
It’s not infinite. If you think it is and those wells are refilling, go knock on the door of the landowner and ask to pay to reopen those Plug and Abandon wells on his land. He’ll give you a great price.
PISTACIO nuts LOVE the soil around oil wells.
They are all over the north side of Bakersfield.
100+ years ago California was a huge oil producer. People were not crazy. We need it and it made money so people and policy supported it. There were derricks up and down and around what is now Wilshire Blvd. They still have some pumps down La Cienega near the airport, and a couple in Beverly Hills. Can’t speak for other parts of the state with certainty but the LA basin in particular had a huge pond of oil underground.
Chevron was founded in California about 150 years ago. The California oil field boom the first half of the 20th century was HUGE. For decades, California has been one of America’s top oil and gas states. Texas is still tops, but, in 2018, California had 53,000 oil and gas wells compared to 311,000 in Texas. California has the third-largest proved reserves in the nation.
Wiki --> "Chevron traces its history back to the 1870s to small California-based oil companies which were acquired by Standard and merged into Standard Oil of California (Socal). The company grew quickly on its own after the breakup of Standard Oil by continuing to acquire companies and partnering with others both inside and outside of California, eventually becoming one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron; the newly merged company later merged with Texaco in 2001."It isn't easy pulling up stakes after you've been in a place 150 years, but lots of companies are fleeing CA. We've seen Oracle, Tesla, SpaceX and now Chevron flee. Chevron is, by far, the oldest CA company to go.
How will Newsom spin this? Will Trump tie this to Californian Harris and her commie policies that are no different than Newsom's?
Yup. California gave us Nixon and Reagan. Say what you will of them but they were serious people who tackled serious issues. Today’s politicians, mostly Democrats, have no principles or scruples and just make problems for other people.
The flip side of that is Texas gave us the corrupt, criminal, incompetent Lyndon Johnson. And Lloyd Bensten. And, more recently, Sheila Jackson Lee from Houston, of all places.
Los Angeles, Bakersfield are big oilfields with cities grown up around them. CVX has been in on that for several decades and founded the company there. It started as Pacific Coast oil, merged into Standard oil of CA.
And the wonderful, Kamie-endorsing Mayor of Houston.
Texas is not pure "red" and California is not pure "blue".
Although this map from 2016 is by county, it suggests that apportioning electoral votes by congressional district would lead to rather different results than what has been observed in the last few decades.
Sad ... that CA was allowed to turn SO blue :-(
Chevron is off to Galt Gulch! Godspeed 👏
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