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2025-09-25 Home Front: Politix

California trying to keep oil and gas firms from leaving the state-There are 13 refineries currently in operation.The state had 40 refineries in 1983

[FoxBusiness] State fast-tracks approval for 2,000 new wells annually as companies flee the state

Following 25 years of what oil and gas executives categorize as hostility to the industry, the state is now making a play to keep those companies from leaving.

Concerned with the exodus of oil and gas companies, refinery closures and the expensive price of gasoline in the state, California Gov. Gavin Newsom signed legislation last week that fast tracks the approval of 2,000 new wells per year over the next 10 years in Kern County, a significant oil-producing region.

Andy Walz, Chevron's president of Americas products, said during an appearance on FOX Business, "I think it's been a tyranny of about 25 years to get the refining business to leave California."

Walz told reporters last summer about Chevron's move from California to Texas, saying the company has "been doing that because California is a tough place to do business."

"It's a tough place to recruit people," he said. "It's a tough place to move employees – a lot of our employees move up through the company, they gain experience in different geographies, different locations, and we have a lot of people who will not move to California. That makes it difficult."

FOX Business Network's Lauren Simonetti said Chevron is "not overly optimistic about California's recent charm offensive."

Californians are paying $4.65 for a gallon of regular gasoline while the national average is $3.17 per gallon, according to AAA.

There are 13 refineries currently in operation in the state. When Valero and Phillips 66 shut down theirs, that number will be down to 11. The state had 40 refineries in 1983.

"Millions of Californians will soon start saving billions on their energy costs," Newsom said in a press release. "We’re stabilizing the state’s gasoline supply to avert severe price spikes at the pump and we’re making it easier to build the abundant clean energy we need to keep bills lower."

Due to the exodus, California has had to rely on foreign sources for three quarters of its oil.

Gavin Newsom said of the legislation that it "mitigates against future gasoline spikes by stabilizing the production of in-state petroleum and refinery supply and diversifying the state's transportation fuel supply."

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Posted by NoMoreBS 2025-09-25 00:00|| E-Mail|| Front Page|| [1795 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

1 Desperation.

Posted by Super Hose 2025-09-25 04:54|| 2025-09-25 04:54|| Front Page Top

2 Ah, come on Gavin, do what you really want to do. Seize the means of production and operate in the name of the people!

Posted by Procopius2k 2025-09-25 07:02|| 2025-09-25 07:02|| Front Page Top

3 Gavin is but one of a collection of bad leaders that the state has had in the past 30 years.

The state in attracting oddities has lost the idea of Basic Concept of Government. Protect the Public, keep the lights on, and do it in the background cheaply.

It's current SOP of giving groups of whiners what they want for votes has increased TAXES, COSTS, created massive homelessness and has been a big part of it's downfall.

Posted by NN2N1 2025-09-25 08:24|| 2025-09-25 08:24|| Front Page Top

4 I've heard of concerns that if not enough refineries are pumping oil into the pipelines there won't be enough pressure to keep any oil at all moving through the pipelines. Then there will be no oil except what the state is able to import from other countries who do not suffer from the same environment regulations that California has in place. Not only that but it will be far more expensive, not just financially but environmentally, to ship that foreign oil to California. Those tanker ships burn a helluva lotta diesel and cost a helluva lotta money. Gas prices at the pump will skyrocket. The state also has new taxes on gasoline that have yet to take effect. Some predict the price of gas in California could go as high as $8 per gallon. When that happens, it will become impossible for Newsom to ever get to the White House.

Posted by Abu Uluque 2025-09-25 12:42|| 2025-09-25 12:42|| Front Page Top

5 Only 13 Refineries can mix the gasoline blend that is needed to satisfy CA law. And you better believe only Democrats run these refineries too.

Posted by mossomo 2025-09-25 13:56|| 2025-09-25 13:56|| Front Page Top

6 Gavin Grusome is just pathetic. To drive out Chevron, established in California in the 1800s, says it all.

Posted by DooDahMan 2025-09-25 14:09|| 2025-09-25 14:09|| Front Page Top

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