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Re: CA Gas Prices Are Set to Surge Due to Newsom's Latest Failure

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On 2025-04-19, Vote Blue Live Poor <you@morons.com> wrote:
> On 18 Apr 2025, John Smyth <smythlejon2@hotmail.com> posted some
> news:nnm50kppdns8ang95mnpkek7n4fq2k4bq2@4ax.com: 
>
>> 'CA Gas Prices Are Set to Surge Due to Newsom's Latest Failure;
>> Chevron Exec Says State Is 'Uninvestable''
>> 
>><https://redstate.com/jenvanlaar/2025/04/18/while-newsom-whines-about-ef
>>fect-of-trumps-tariffs-refinery-execs-bring-brutal-reality-crashing-down
>>-n2187948> 
>> 
>> 'The enormity of the State of California's financial problems is well
>> known at this point, as is the extremely high (and continually
>> increasing) cost of living for the state's residents. While Gavin
>> Newsom is obsessively fixated on Donald Trump and tariffs, Newsom's
>> own policies are causing even further pain to the state government's
>> bottom line and people living paycheck to paycheck he supposedly cares
>> so much about:
>> 
>> 
>> Newsom's latest failure is, unsurprisingly, related to Big Oil. As a
>> result of his relentless attacks on the industry, yet another refinery
>> is shutting down operations in the state. Earlier this week Valero
>> gave notice to the California Public Utilities Commission of its
>> intent to shut down its refinery in Benicia, in the Bay Area, by April
>> 2026, and in a press release announcing the move said it "continues to
>> evaluate strategic alternatives for its remaining operations in
>> California." 
>> 
>> The move is significant because the state currently has only 14
>> operating refineries, and one of those (Phillips 66's Los Angeles
>> refinery) is already scheduled to go idle starting in October 2025.
>> Combined, Valero's Benicia refinery and Phillips 66's Los Angeles
>> refinery represent 17.5 percent of the state's oil production
>> capacity. Losing both will hit middle and working-class families hard,
>> and if Valero follows through on its implied threat of idling its
>> other refinery in the state (in Wilmington), the state will lose
>> another 5.24 percent of its current capacity - a total of 369,000
>> barrels a day. 
>> 
>> For perspective, in 1985, when the state had a population of 25
>> million, there were 40 operating refineries. Even after losing
>> millions of residents for greener (and redder) pastures, the state has
>> a population of 39.4 million and soon will have only 12 operating
>> refineries. Obviously, there's a major supply problem.
>> 
>> It could easily get much worse. Mike Vomund, a top executive with
>> Chevron, which produces more than 30 percent of the state's oil,
>> wasn't positive about the company's future in California in an
>> interview with KCRA on Thursday, saying:
>> 
>> "What happens down the road, I have no idea, I won't speculate on that
>> . . . We want to stay here; the problem is the policies of California
>> are making it uninvestable."
>> 
>> In addition to the onerous environmental regulations and refinery
>> surplus bill, Vomund cited another Sacramento policy as a major
>> problem for the oil business:
>> 
>> "There's a bill that was passed last year, SB 12, that has a margin
>> cap possibility on the refining business. You can't make investments
>> when there's this looming threat that we're gonna come in and tell you
>> what we believe was an acceptable amount of money for you to make. So
>> it makes it difficult to impossible to invest in that environment. So
>> the margin cap needs to go away."
>> 
>> In addition to its own refineries, Chevron operates Valero and
>> Phillips 66's refineries in the state. If all of these refineries
>> close, there will also be a major loss of well-paying jobs.
>> 
>> And what's Gavin Newsom's response? Pathetic, as usual.
>> 
>> 
>> In the middle of that news clip, Newsom responds to Valero's news by
>> saying:
>> 
>> I can assure you, beginning last night we had all hands and we're in
>> the process of addressing any anxiety that may be created or any
>> market disruption that may be created by that announcement.
>> 
>> How fruitful is that "addressing any anxiety" likely to be? Newsom's
>> never proven able to negotiate in any way with the oil industry; he
>> prefers the stick approach over the carrot. (For more about Newsom's
>> inability to understand reality, read: CA Refinery Exec Explains How
>> State Regulations Affect Gas Supply and Prices So Even Newsom Can
>> Understand.) Much like voters who finally threw up their hands and
>> left the state when Newsom pushed too far, these companies are at the
>> point of just leaving the state, out of his jurisdiction.
>> 
>> And, what's with his timing? "Beginning last night?" I'm guessing that
>> the oil executives weren't recipients of Newsom's "Bat Phones.'
>
> There are voting idiots who think there is nothing wrong with this fool.
>
> Newsom is a reactive moron to social media temperatures.  That's all 
> he is.
>
Yep.
CA had a chance to recall Newsom and it failed.
They are getting everything they deserve..
And that is why the republicans are gaining ground in a deeply blue state.
The same is happening in NY.
Hochul is destroying the place.

And even if they voter her out, chances are they will vote in Cuomo for Mayor
of NYC forgetting all the damage he did to NYS as governor.
COVID in particular.

NYC voters like CA voters are idiots.


-- 
pothead
Liberalism Is A Mental Disease
Treat it accordingly
<https://www.dailymail.co.uk/health/article-14512427/Doctors-reveal-symptoms-Trump-Derangement-Syndrome-tell-youve-got-it.html>

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Thread

CA Gas Prices Are Set to Surge Due to Newsom's  Latest Failure John Smyth <smythlejon2@hotmail.com> - 2025-04-18 19:08 -0400
  Re: CA Gas Prices Are Set to Surge Due to Newsom's Latest Failure % <pursent100@gmail.com> - 2025-04-18 16:29 -0700
  Re: CA Gas Prices Are Set to Surge Due to Newsom's  Latest Failure Vote Blue Live Poor <you@morons.com> - 2025-04-19 01:10 +0000
    Re: CA Gas Prices Are Set to Surge Due to Newsom's  Latest Failure pothead <pothead@snakebite.com> - 2025-04-20 20:08 +0000
    Re: CA Gas Prices Are Set to Surge Due to Newsom's  Latest Failure lonnie white <lonnie.white@guest.com> - 2025-04-21 03:24 +0000

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